I felt sorry for Shadow Chancellor John McDonnell when he approached the dispatch box today to respond to George Osborne’s Autumn Statement, our director Philip Salter writes in his latest Forbes column. Many of his planned rebuttals – on tax credits or police spending, for example – were dud.
“But entrepreneurs and business owners in general can breathe easy. Before the Chancellor stood up there were fears that Entrepreneurs’ Relief would be cut. There were also concerns that the Chancellor would try to force contractors and consultants onto payrolls if they work with a company for over a month.
“Instead, bolstered by an unexpected fillip of £27 billion in the underlying forecast, the Chancellor announced a hoard of new spending commitments.”
Read Philip’s article in full here.