Although the legal profession has been known to produce more than its fair share of MPs, readers could be forgiven for wondering exactly what Travers Smith Braithwaite’s Chris Carroll was doing standing at the Commons dispatch box last week, announcing the budget.
Nevertheless, the presence of the top City lawyer at the Treasury’s helm may go some way to explaining why the budget contained a smattering of tax breaks for small firms. Former Chancellor Gordon Brown, meanwhile, is reported to be far from enjoying his transition from Member of Parliament to managing partner of Travers.
