The UK Budget 2017 seems to have been mainly a non-event with stamp duty axed for houses under 300,00 GBP and some minor stimulus. It has increased income inequality and is insufficient to boost Aggregate Demand. The UK needs massive government spending in education, technology and infrastructure spending to boost productivity. We didn’t get it.
UK Budget 2017 and QROPS The UK Budget 2017 is a stealth tax on the self-employed and expats. Self-employed Brits who want to move abroad may get hit by a triple whammy. Those transferring their pensions outside the EU, Australia or New Zealand could be hit with a 25% QROPS “exit tax”. National Insurance Contributions