Financial Planning Today: Budget – reaction and key changes

09 March 2017

Chris Fisher, CEO of Multrees Investor Services, speaks positively of Philip Hammond’s announcement, considering the needs of the UK financial services:

“The budget needed to protect the UK’s extremely strong financial services sector, and help encourage the retention of foreign talent within the industry. 

With the triggering of Article 50 right around the corner, the Chancellor’s announcement goes some way to safeguard the competitiveness of the sector. The unchanged non-domicile tax regulation is positive in preventing a brain drain of talent to foreign fields. This, plus the proposed support regarding business rates, and the £270 million fund set aside for AI and robo development, will enable tech firms to innovate and stay ahead. 

The government and UK companies must be bullish to ensure a thriving Britain beyond Brexit. Only this will ensure that, among the handful of prime global centres for financial services, the U.K remains at the vanguard.”