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Autumn Statement 2016 – billions to boost economic output

24 November 2016

finance advise - Haleys

A very important budget for the business sector with the government set to spend billions on infrastructure, housing, transport and innovation projects. Whilst many of these projects will involve the larger corporations this will have a major ‘trickle down’ impact on the SME sector. The SME sector will also receive important help through the expansion of research and development (R&D) incentives which will encourage not just new technologies but improvement to existing business processes and efficiency. Mr Hammond also confirmed the reduction in corporation tax rates from 20% to 17% throughout the life of this parliament.

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