Autumn Statement 2016 – How will it affect businesses?

All eyes were on Philip Hammond as he made his first Autumn Statement speech as Chancellor of the Exchequer in Theresa May’s post-Brexit government. This article takes a look at what some of the headline announcements mean for brokers and their business customers.

Topics covered include:
• Insurance Premium Tax to increase to 12%.
• Infrastructure to drive the economy.
• Corporation tax to fall to 17%.
• Research and development investment.
• Construction.