Autumn Statement: What can Londoners expect?

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Autumn Statement: What can Londoners expect?
3rd December 2014

Stamp Duty

Johathan Prynn, Consumer Business Editor at the Evening Standard, said the expected changes to stamp duty would be especially important to Londoners.

The tax hasn’t been reformed for years, and changes that are predicted may change things for house buyers in the capital.

Stamp duty starts at £125,000, and with average house prices starting at £500,00 most first-time buyers in London will have to consider the tax

Pension tax

Simon Read, Personal Finance Editor at the Evening Standard, explains the end of a 55 per cent tax charge on inherited pensions.

From April, any money left in the pension pot of someone who dies before the age of 75 can be inherited tax-free.

If somebody dies at the age of 75 and over, the funds can remain in a pension with no tax to pay, or be withdrawn by the beneficiary subject to his or her normal rate of income tax.

Business rates

Jim Armitage , the Business Editor of the Evening Standard, said Mr Osourne may try to change business rates to keep companies investing in this country.


John Mills is the boss of household goods company JML. He's also the Labour party's biggest donors. 

As a business owner he told Wake Up London what he would like to see coming out of the today’s statement.


Zoe Cunningham is the Managing Director of Softwire, part of Kentish Town based networking group. 

She said that anything involving technology in the Autumn Statement will be particularly far reaching, as we are now living in what she calls a “tech revolution”.


Good news is predicted on the growth of the economy, but bad news on borrowing. Russell Lynch, Evening Standard City and Economics Editor explains more.

The Statement is set to be read out in parliament today at 12:30pm - more on how the statement might affect Londoners here. 







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