Just to keep our clients up to date with the 2018 budget which Philip Hammond delivered as chancellor.
Here are the key points of his 72-minute speech.
-The personal allowance threshold, the rate at which people start paying income tax at 20%, to rise from £11,850 to £12,500 in April - a year earlier than planned.
-The higher rate income tax threshold, the point at which people start paying tax at 40%, to rise from £46,350 to £50,000 in April.
-After that, the two rates will rise in line with inflation.
-National Living Wage increasing by 4.9%, from £7.83 to £8.21 an hour, from April 2019.
-Fuel duty to be frozen for ninth year in a row.
-All first-time buyers purchasing shared equity homes of up to £500,000 will be eligible for first-time buyers' relief.
-Lettings relief limited to properties where the owner is in shared occupancy with the tenant
-Annual investment allowance to be increased from £200,000 to £1m for two years.
-Contribution of small companies to apprenticeship levy to be reduced from 10% to 5%.
-Business rates bill for firms with a rateable value of £51,000 or less to be cut by third over two years.
Bye for now.....