This a moment of reckoning for the public finances

'This Budget marks a decisive pivot away from austerity'

This was a big, broad budget raising £26bn in taxes

To cut or not to cut that is the question

Tobacco duties

• Consumer & Industrial Products
• Indirect tax

Tough choices on public spending

Trust and estates – changes to taxation of low levels of income

• Private Client

UK Plastic Packaging Tax – late payment penalties

• Consumer & Industrial Products
• Energy & Resources
• Financial Services
• Government and Public Services
• Indirect tax
• Life Sciences & Health Care
• Multinational/Large company
• Small & medium sized enterprises
• Technology, Media & Telecommunications

UK public expect government spending to rise following pandemic despite concerns about higher taxation and borrowing

UK tax-advantaged employee share plans

• Consumer & Industrial Products
• Employers/ Employees
• Energy & Resources
• Financial Services
• Government and Public Services
• Life Sciences & Health Care
• Multinational/Large company
• Small & medium sized enterprises
• Technology, Media & Telecommunications