Mar 11, 2020
UK Budget sides with small businesses, with a caveat
If you were a UK small business owner worried on Tuesday about how you might survive the year, you will be a slightly less worried one after Wednesday's Budget. No small or medium-sized business owner could possibly fail to be impressed by the measures the UK is taking to support them. Mr Sunak's choices look like well thought-out support policies: neat bits of good news in a sea of bad. There will be some whining over one small company-related policy: the cut to entrepreneur's relief. Doing so backs up the signal sent by the rest of Mr Sunak's measures: the UK is keen to support and reward anyone prepared to risk their own capital to create a business. My approval of Mr Sunak's support measures for small and medium-sized businesses comes with one clear caveat.
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