• Strategically Supportive?

    Review of the Spring Budget 2017

Analysis

In his first and last Spring Budget it was hoped that the Chancellor would give a positive feel-good message. After all, we are told that the economy has been more resilient than had been expected and that growth continues to be supported by low interest rates and high employment. There are also suggestions that Brexit negotiations are looking more likely to be collaborative than confrontational.

The fact that relatively few tax changes were announced for businesses should be well received. Smaller businesses will benefit from changes to the business rate regime and a delay in the introduction of digital filing.

Overall we didn’t see an awful lot of change to what had previously been announced. So the question remains whether enough has been done to support the UK through the uncertain times of an EU withdrawal over the coming months and to create a new economy that works for all.