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Small businesses win in 2016 budget

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Billed as a budget for the next generation, Chancellor of the Exchequer, Rt. Hon George Osborne MP’s statement also sought to give taxpayers more money in their pockets now

British Chancellor of the Exchequer, Rt. Hon George Osborne MP’s 2016 budget lowers tax rates for small businesses, however large businesses face stamp duty and other increases. The surprise announcement of government-backed “Lifetime ISAs” is designed to help everyone save more for the future. But, at the same time as this, larger personal tax allowances were announced – suggesting people will have great levels of disposable income now as well.

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