Portadown Chamber of Commerce, in association with GMcG Portadown Chartered Accountants and Cunningham Coates, hosted a briefing event for local businesses, which provided detailed analysis on the likely impact of Chancellor Philip Hammond’s last Autumn Statement.
The briefing took place on November 25th at Portadown Town Hall, where a near capacity attendance of representatives from right across the business community heard presentations from GMcG Tax Director Paul O’Connor, and Cunningham Coates Financial Planning Associate Director, David Currie.
As anticipated, the Chancellor of the Exchequer concentrated on fiscal policy but also announced a significant change to the annual budgetary cycle. Taxation and spending policy matters will be concentrated into an Autumn Budget and a subsequent Spring Statement will be limited to the Government’s response to the Office For Budgetary Responsibility forecast. 2017 will see two Budgets before moving to the new cycle.
The presentations from GMcG and from Cunningham Coates delved into the Chancellor’s Statement in some detail, with analysis on how our businesses may be affected by a number of his policy announcements.
Gill Johnston, GMcG Portadown Associate Partner, is delighted with how well the event went:
“We felt this was a great opportunity to support Portadown Chamber of Commerce and local businesses. Teaming up with organisations like the Chamber and Cunningham Coates gave us an excellent platform for providing our local businesses with quality analysis on the Chancellor’s announcements. When it comes to new policy announcements, it’s always important to look behind the headline figures and understand how our local businesses may be affected.
We are delighted with the level of attendance at this event and have had nothing but positive feedback on the quality of the presentations and insights from both Paul and David.”
GMcG’s Autumn Statement Summary is available to download here