Late budget takes

1. Updated SEIS and EIS allowances are fantastic for #venturecapital.
2. Lower top-rate taxes encourage people to work harder and generate wealth and stay in the UK while they do so.
3. High budget deficits are bad - it's never clear if the increased growth from lower taxes will translate into enough growth to justify them.
4. Weak sterling will help the economy in the short term. In the long term, a strong currency is a sign investors have confidence in your economy and ability to keep on top of inflation.
5. The Bank of England has lacked credibility on inflation for some time. While they should move faster on rates and QE reversal if taxes are cut and growth is higher, relying on them to do so is unwise.

#founders #startups #buildinginpublic #investinginpublic