The clear message from the Chancellor’s speech and the series of announcements in his Autumn Statement was his aim to ‘encourage growth’ and ‘reward hard work’. So let’s examine whether the tax cuts and changes to tax incentives will really achieve these objectives for entrepreneurial businesses.
While the longer-term announcements were broadly supportive of entrepreneurs who can and are prepared to invest in their businesses, much of the Autumn Statement was focused on the Chancellor’s political agenda. We may see more of that in the Spring Budget when the much-discussed reform to inheritance tax may materialise.
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