Posted on: 30/10/2018
Philip Hammond, Chancellor of the Exchequer, delivered his third budget yesterday stating it is a “budget that paves a way for a brighter future”. We have summarised the key points affecting small businesses across Britain.
Business support and productivity
Chancellor Philip Hammond expressed “Britain can solve the productivity challenge if we prepare for and embrace technological change ahead.” The following initiatives were delivered during the budget:
There will be a full spending review next year, setting out priorities for public spending, deciding on the right balance between investing in Britain’s future and current consumption of public services.