For those of us in the Middle East our thoughts are understandably on issues closer to our current homes at this time but this still has relevance to UK nationals and those with assets in the UK.
Chancellor of the Exchequer, the RT Hon Rachel Reeves, has shared her update on the UK economy – the Spring Statement. This is not a Budget, but an update, a forecast statement.
It covers the latest estimates for growth, unemployment, inflation, government spending and income from taxation has been published by The Office for Budget Responsibility.
Think of if as a bit of report card and some qualified predictions.
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. Quick, easy to follow, and informative
The UK press will cover many points in detail but much of it will not be directly relevant to expats so i alsoway write someitnung for us, although this has little of direct relevane to non-residents.