Breaking News
Stuart Law of Assetz Capital shares his Post-Budget Thoughts
Stuart Law: CEO and co-founder of leading P2P platform Assetz Capital:
“Today Philip Hammond has delivered one of the least interesting Budgets in recent memory. Other than protection for SMEs from the potential large rates increase, very little was announced of relevance to SMEs, or indeed their lenders. Hammond has missed a chance to take a fatal flaw out of the Innovative Finance ISA that prevents investors investing across multiple P2P platforms in the same tax year – leaving investment diversification very difficult for people.
“As the first post-referendum Budget the focus ought to have been on what the Government’s economic plan is for our departure from the European Union. However, as expected, Hammond took few chances and left us with as many questions as answers.
“Eight months have now passed since the Brexit vote, and even after today’s Budget, businesses and investors are none the wiser on what the long-term implications will be. Like other sectors, the P2P market needs a clear strategy outlined by the Government so that we can plan accordingly.”
- Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents Read more
- Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants Read more
- Saudi Central Bank Launches Google Pay Service Through Mada Network Read more
- Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion Read more
- Starling Reveals New-Look Logo, App and Cards as Bank Launches Brand Mission to Help Britons Become ‘Good With Money’ Read more