Amidst a Spring Budget u-turn and Article 50 getting triggered in the past month, there have been several economic developments that SMEs have had to embrace.
The Spring Budget was the chancellor’s opportunity to instil boost business confidence and get them spending, hiring and investing. Unfortunately, the result was underwhelming.
Business rates raise £25bn a year, and chancellor Philip Hammond has addressed concerns from company leaders with three new measures.
Today in his Spring Budget the chancellor Phillip Hammond announced a reduction in the tax free dividend allowance from £5,000 to £2,000.