The Spring Statement Illusion: Why UK Growth – and Your Portfolio – Are Still Under Attack
About this episode
The episode discusses the hidden challenges facing UK property investors and business owners following the Spring Statement.
Become a part of the Progressive Property refer-a-friend scheme and Earn up to £250 when someone attends one of our events – you can enrol here: https://www.progressiveproperty.co.uk/raf/ The spring statement looked quiet on the surface - but for property investors and business owners, the undercurrents and general direction the economy is headed in is anything but calm. They are still dealing with higher taxes, rising national insurance, a minimum wage hike, and some parties’ hostile stance toward landlords. Inflation, rising unemployment, and overheads all increase the chances of future tax grabs being needed. Mark also unpacks the impact of Middle East turmoil on energy prices, interest rates, and the government’s looming need for “more money” in the autumn and what would happen if The Greens got into power. If you want to take the next step and put what you have learned from this podcast into action, you only need to click here - https://www.wealthbuilders.co.uk/progressive-podcast KEY TAKEAWAYS At first glance it appears that the spring statement did not have a lot in it - very few changes were announced. But the damage is already done, the tax, NI and inheritance tax…
People in this episode
Host: Kevin McDonnell
Topics covered
- UK economy
- property investment
- taxation
- inflation
- political impact
Keywords
- Spring Statement
- UK growth
- property investors
- tax increases
- Middle East turmoil
Mentioned in this episode
Organizations: Progressive Property, The Greens
Places: UK, Middle East
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