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British Chancellor of the Exchequer Philip Hammond is now delivering his annual budget speech to the Parliament with key quotes, via Reuters, found below.

  • Increasing businesses’ annual investment allowance to 1 mln sterling for 2 years from 200,000 sterling.
  • Will halve apprentice levy contribution for smaller firms.
  • From April 2020 will target national insurance incentives only at smaller employers.
  • Value added tax threshold for businesses will stay unchanged for further 2 years.