Freeths Budget Comment

Whilst Autumn Budget 2021 announced a number of spending giveaways, it was relatively light on new tax measures. In particular, the much-feared increases to rates of capital gains tax, inheritance tax and self-employed national insurance contributions did not materialise. Also absent were new restrictions on pensions tax relief or the introduction of a wealth tax.

Budget Comment from Grant Thornton

Jim Rogers, practice leader for Grant Thornton UK LLP in the Thames Valley area, said: “Businesses will be breathing a sigh of relief. The emphasis was on creating a new post-Covid economy and with two significant tax hikes already imposed this year, there was at least no more bad news.

Investment in research and innovation can unlock new opportunities, says NCUB

The Chancellor should be commended for investing in both research and innovation says the National Centre for Universities and Business, the collective voice of UK business and universities. Today’s announcement will release new funding for research and innovation, which will unlock breakthroughs to improve our health and environment, and boost our economic performance.