Written by: Claire Januszewski
Published: 23rd November 2016
This afternoon, Philip Hammond presented the Autumn Statement, his first major task since taking over on role of Chancellor. Not only was this Hammond’s first Autumn Statement, it was also his last. The Autumn Statement is being abolished them in favour of moving the main Budget to the autumn instead.
Hammond stated earlier in the week: "Being a former businessman, I know how companies crave stability and certainty above virtually anything else". With this in mind, many were keen to see whether the measures introduced would provide Britain’s businesses with a boost.
Here are the key takeaways for business owners and what the new measures mean for you, and your employees.
Claire is a copywriter working within the digital content team at Begbies Traynor. Her areas of expertise are business insolvency and all areas of personal finance. She has written for a variety of online and print publications, and her work has been published in a number of national newspapers, including the Daily Mail, the Daily Telegraph, and the Daily Express.
22nd July 2021
The Confederation of British Industry (CBI) has called for an “immediate rethink on self-isolation rules” to help businesses manage their workforces as the economy reopens and recovers.Read More
20th July 2021
The scale of debt accumulated by small businesses during the pandemic has left high streets across the UK potentially facing the prospect of a “tsunami of closures” in the coming months.Read More