In an election year, expectations were running high on how much wiggle room UK chancellor Jeremy Hunt would find in the public finances to provide relief for those hit hardest by the cost of living crisis, and to keep the UK’s green investment agenda, which has suffered recent setbacks, on track.
While some welcomed the announcement of the extension of the recovery loan schemes and the raising of the VAT threshold from £85,000 to £90,000, critical areas for small and medium-sized enterprises remain unaddressed, said Andrew Martin, founder of SMEB, which provides banking services to small businesses.
