‘Uninspiring’ budget for HNWs as Hammond preps UK for Brexit

London’s top firms react to chancellor Philip Hammond’s ‘countdown to Brexit budget’  

Tim Mills, investment director of the Angel CoFund adds that the budget is good news for start ups. ‘I’m very pleased to see a Budget that seems to be expressly designed to be kind to small businesses, startups and entrepreneurs, Mills says. ‘The chancellor thankfully resisted calls to scrap entrepreneurs relief and made a point a stating that the new digital services tax will only affect tech giants with over £500m in revenue – startups will not be affected. In a positive move, he increased annual investment allowance, which should free up more funding for startups.’

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