The Chancellor has been phenomenally generous since the outbreak of the Coronacrisis. Of course, it is easy to be generous with other people’s money - our money. Much of it is borrowed with the rest being diverted from other places that also desperately need it.
With the cancellation of the Autumn Budget the eyes of tax advisers have quickly shifted to the Spring Budget, with many commentators anticipating major changes to the Capital Gains regime.
As we carefully transition from the full lockdown restrictions that we had become accustomed to the next phase (I’ve refrained from referring to a ‘new normal’ for fear of a QI-style klaxon going off), businesses continue to adapt and cope with the disruption caused by the pandemic.
I knew the Future Fund would be popular but if the unconfirmed press reports are to be believed, on the first day alone somewhere in the region of £450m in matched funding was applied for meaning that £900m of funding for new businesses has been pledged.
While the UK may be in lockdown, that does not mean that life cannot continue and the business world must stop, if anything it is even more important now that we continue to press on with business transactions and embrace technology to help us do this.
