With tax rises for the self-employed and small business owners, Philip Hammond risks alienating 15 per cent of the UK workforce, since some 5 million Britons now fall into these categories. Leaving aside the politics of this Budget, the Chancellor also risks sending out an unpalatable message to entrepreneurs and self-starting wealth creators. This is a constituency that his Conservative Party has generally sought to own, but Mr Hammond’s tax raid suggests he rather takes them for granted. My worry is that the Government will continue to look at the entrepreneurial sectors of the economy for the tax rises it needs.”So what are the tax rises in question? Also from April 2018, the amount of dividends anyone can earn before they pay tax will fall from £5,000 currently to just £2,000.

Source: Forbes March 08, 2017 14:53 UTC