Ward Goodman, the Dorset based firm of Chartered Accountants and Independent Financial Advisers, has released its statement on today’s budget, which was described as ‘the budget for the next generation.’
Phillip Hammond was said to be fighting for his political career, but either way, one thing is clear; this is a budget setting out the future for a “Post-Brexit” Britain.
Ward Goodman welcome the doubling of the Enterprise Investment Scheme. It is a positive move from the government to encourage capital investment in companies and funds will deliver innovation and help with job creation.
Britain’s businesses need to keep competitive as Brexit approaches. British businesses will also benefit from the investment into infrastructure of £500 million in 5G and full-fibre broadband, as well as a £400 million investment fund for infrastructure for electric cars.
Ian Rodd, Managing Director at Ward Goodman, commented: “The best news comes for house buyers with the abolition of stamp duty on first time buyers with a saving of up to £5,000 for those buying homes worth £300,000 or less.