Killik & Co comments on today’s emergency budget

by | Sep 23, 2022

Share this article

Will Stevens, Head of Financial Planning at Killik & Co, has commented on today’s emergency budget.

“The removal of the additional rate represents one of the most significant income tax changes in recent times, which will deliver a substantial tax saving to the UK’s highest earners. They will also benefit from the abolition of the additional rate of dividend tax.

“The basic rate of tax will fall from 20p to 19p. The cut will benefit all taxpayers, aiding with the cost-of-living crisis faced by many and should stimulate the economy further.


“The government is clearly aiming to improve the competitiveness of the UK compared to rival economies, encourage entrepreneurship, and increase discretionary spending.

“However, the longer-term effect of this could apply further pressure to already high levels of inflation and there is fear that future generations will be left to pick up the bill for tax cuts made now.”



Find out more about Killik & Co.

Also, be sure to read our update right here on IFA Magazine.

Share this article

Related articles

UK inflation hits 40-year high of 10.1%

UK inflation hits 40-year high of 10.1%

Higher food prices helped push up inflation in September, official data showed on Wednesday, to a record 10.1%. According to the Office for National Statistics, the consumer price index rose by 10.1% in the 12 months to September, compared to August's rate of 9.9%....

Reports of delay to bond sale ‘inaccurate’ – BoE

Reports of delay to bond sale ‘inaccurate’ – BoE

The Bank of England appeared to deny reports on Tuesday that it wanted to delay selling billions of pounds of government bonds. The central bank acquired £838bn of gilts during its quantitative easing programme. It had intended to start selling them on 6 October, but...

Trending articles

IFA Talk logo

IFA Talk is our flagship podcast, designed to fit perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

IFA Talk Podcast - listen to the latest episode