Budget 2010 - Business Client (Engand)

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Summary of Changes Affecting Business Clients

During the election campaign, George Osborne nailed his colours firmly to the mast of a deficit reduction strategy. He has not disappointed in that, but questions remain over whether the effect of the expenditure cuts and the mixture of tax increases and decreases in the Budget will be to depress growth and to stymie the desired effect in the medium term. Time will tell.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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