Startups are set for a boost from the chancellor’s Autumn Statement, as Philip Hammond announced plans to plough £400m into venture capital. The funds will come via the British Business Bank and it’s expected to unlock as much as £1 billion for startups itching to scale up as it will encourage private investment. Of particular
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Autumn Statement 2016: National Living Wage goes up
by Ben Lobel • • 0 Comments
Chancellor Philip Hammond has revealed in the Autumn Statement 2016 announcement that the National Living Wage will go up from £7.20 to £7.50 from April next year for workers aged over 25, which could mean increased pressure on the margins of small businesses in many sectors. The increase is expected to give a much-needed boost to the
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Autumn Statement 2016: Headlines for businesses
by Ben Lobel • • 0 Comments
Philip Hammond, Chancellor Philip Hammond has just announced his first and last Autumn Statement, as from 2018 the Budget will move to the autumn with a Spring Statement being made to the Office for Budget Responsibility (OBR). Below we list the key announcement that impact on UK businesses: National Productivity Investment Fund (NPIF) of £23
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Autumn Statement 2016: The UK needs to boost its productivity
by Owen Gough • • 0 Comments
Raising productivity is essential for the ‘high wage, high skill economy we want’, Chancellor Philip Hammond has declared in his Autumn Statement 2016. The Chancellor looks to settle the economy after an uncertain political and economic year that saw sterling drop, political instability and economic turbulence. In order to rebalance the economy, Hammond announced a National
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