This week brought the Spring Budget in the U.K., delivered by Chancellor Jeremy Hunt. It gave businesses and individuals much to chew over: from maintaining the course to increase U.K. corporation tax from 19% to 25%, expanding Government subsidised childcare and offering a £1 million per year prize for the next decade for the most innovative research in AI.
The Chancellor is walking a tightrope as he attempts to balance the country’s finances while spending enough to stand a chance of reelection. Law firms, which always have a lot to say about the budget and how it will impact their clients, are often also walking their own tightrope as they think about getting their own house’s finances in order.
