GovGrant CFO Steve Phillips reflects on the 2018 Budget and its impact on innovation and R&D

As is usual, politics took centre stage following the 2018 Budget. Labour was under scrutiny after the Shadow Chancellor, John McDonnell, indicated that, unlike his boss, he would not oppose the government’s personal tax changes. In the Times, leading economist David Smith noted that while the budget ‘must be judged as a political success,’ the level of public debt continues to be a cause for concern.
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Webinar: Budget 2018: Has the chancellor delivered on tax and innovation?

Overview ..

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Getting rid of scheme would be patently wrong

A long awaited report into tax credit relief was pretty much guaranteed to make waves because of its forthright views. The Institute for Public Policy Research did not hold back when it released its findings into the extra revenue that firms can access for carrying out research and development.
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Government needs to make sure that the support goes where it is needed the most

Everyone knows that running your own business is one of the toughest challenges out there in the professional world. It takes a mixture of guts, determination and self-belief to make a success of a small enterprise and the UK’s army of entrepreneurs need all the help and support they can get. ..

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Government gets it right on Innovation

Philip Hammond made it abundantly clear in his Budget that innovation and creativity are the driving forces behind the UK’s economy. ..

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