It is clear that the Chancellor sees UK business as being at the very centre of the economic recovery from the pandemic. Rather than making a series of tax hikes across the board to cover the Government’s substantial deficit (as some had predicted), they have rather opted to provide initial support and incentives to boost businesses, encourage investment, and bring in talent from overseas, before then implementing a corporation tax increase in a couple of years’ time.
In the first in our Private Business and Wealth associates’ Q&A series, where we cover a range of topical issues, we look at what can entrepreneurs and those looking to start their own businesses make of the Budget.