November 27, 2022

UK tech founders and science chiefs assault chancellor’s

UK tech founders and science chiefs attack chancellors

UK tech founders and science chiefs attack chancellors

Tech founders and science chiefs have attacked plans by UK chancellor Jeremy Hunt to reduce R&D tax credit.

The tax reduction on R&D is broadly utilized by Britain’s tech and biotech start-ups, that are main advances in rising applied sciences corresponding to quantum computing, AI and life sciences. Hunt introduced cuts to R&D spending by making tax credit for small firms much less beneficiant within the Autumn Assertion on Thursday.

Toby Austin, co-founder of Beauhurst, a tech consultancy, mentioned that…

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