The month ended with the delivery of the UK budget which, to the surprise of few, led to substantially higher taxes and more spending. The bulk of the tax raise will come from employers, capital gains, changes to inheritance tax and a scrapping of the non-dom status, so many may feel a sense of relief. Looking forward, it is the US election in early November that is the next big focus, seemingly a tight race but more government spending is likely on the cards whoever wins.
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