UK election 2017

The UK general election 2017 resulted in a hung Parliament. Smith & Williamson has prepared an analysis of how the markets reacted and considers how the result may affects tax policies. We have also analysed the major political parties’ plans for tax, based on their manifestos and other announcements.

The last month of campaigning, which saw expectations of a Conservative landslide crumble away into the reality of lost seats also provides a cautionary tale on leadership which may be relevant to scale up businesses and SMEs.

From a personal and business tax perspective, the departure of the previous Financial Secretary to the Treasury, Jane Ellison, who lost her parliamentary seat, has led to some uncertainty.

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