The Chancellor of the Exchequer, Philip Hammond, delivered his first (and last!) autumn statement on 23 November 2016.
In addition to confirming previously announced plans to accelerate the roll-out of tax-free childcare in 2017, he announced a new National Productivity Investment Fund to provide £23bn of additional spending to ensure the UK’s economy is fit for the future.
We worked with John Miles, co-founder and CEO of Health & Parenting to provide comment for The Daily Telegraph’s Small Business Connect section:
Working mothers are hugely important for the economy of the future that the Chancellor spoke about. It is therefore encouraging that he has pledged more than £1bn in digital infrastructure, and confirmed the roll-out of tax-free childcare in 2017.
Superfast Internet connectivity and the affordability of childcare are crucial to parents returning to work and working remotely if need be.
For the first time, the tax-free childcare scheme has opened up support towards childcare costs for self-employed workers, entrepreneurs and those working part time. As a digital health company that works a lot with freelance mothers, we expect to have access to a much larger pool of highly talented professionals who mould their careers around children.
Real Business magazine also included part of John’s quote in their round up of SME business leaders’ responses.
Then before Christmas, the government announced an extra £440m to be spent on providing up to 600,000 homes and businesses with superfast broadband. We added extra detail to our comments, which were included in an article by Tech City News.
Superfast Internet connectivity is crucial for our UK tech sector and for people working remotely.
As a digital health company we work a lot with freelance parents. Bringing superfast broadband into remote areas widens the pool of highly talented professionals that we and other tech companies can tap into. Workers are no longer held back by technology and can instead achieve a work/life balance that works for them.