DEMSA update: Mixed Messages / Autumn Statement / Private Rent / Insolvency Stats / Events

In today’s bulletin

General updateMixed Messages event at FCA – 15/11Insolvency StatsEvents

General update

The Autumn Statement dominated economic and political events this week, where many of the pre-event interviews and releases meant that there weren’t many surprises on personal tax and budget cuts for government agencies. The NHS came out better than I thought. Local councils seem to be taking advantage of the 5% allowable rise for council taxes. How tailored forbearance will actually be delivered will be of interest to many, especially from April 2023. The Institute for Fiscal Studies (IFS) think tank has said that the UK has entered a "new era" of higher taxes. Recession seems to be ‘officially’ upon us. With the tax thresholds frozen to 2028, this will have a creeping impact, much like mortgage rates rises depending on when fixed rates come to an end. Existing homeowners (like me) will be raising their eyebrows that a predicted (by OBR) drop of 9% in house prices is ex...

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