“Similarly, the fact that some form of wealth tax wasn't introduced is good news, even if the broader tax landscape has become less favourable across the past two Budgets. A targeted wealth tax would likely have a negative impact on private investments—such as the availability of private equity and VC funding for high-growth startups—making it counterproductive for productivity and economic growth.”“For the tech sector, leaving R&D tax credits alone was a good outcome. SMEs need certainty and stability if t ...