This is the first UK Budget by a Labour government since 2010, and the first one from a woman Chancellor of the Exchequer in Rachel Reeves. Considering the role has existed for 800 years, this is a significant moment for representation in politics.
Will this Budget be a defining moment for the new Labour UK Government? This is was never going to be an easy Budget with giveaways and we all knew that. It was claimed to be a budget for the average working person and it has largely met that brief, although some will not be pleased with certain announcements.
Following every Budget or Statement, I write an article to give you a concise overview of some of the main points, with particular reference to any changes that have major relevance to those living outside of the UK, and especially in the GCC.
The UK press will cover many points in detail but much of it will not be directly relevant to expats so this article focuses on the points that will be most relevant to us.