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Chancellor Hammond
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Chancellor Hammond

EuropeFintechNews RoundupOnline Lending
·Mar. 9, 2017

The UK’s Chancellor Hammond Releases Spring Budget

Chancellor Hammond has reported the UK Spring Budget which provides insight for the region on the UK's economy as it separates from the European Union; the Spring Budget included a 270 million British pound ($328 million) investment by Industrial Strategy challenge fund for development of innovative technologies; Crowdfund Insider provides comments on the Spring Budget from a few executives in alternative finance; of note is the Budget's continued provision that prevents investors from diversifying across innovative finance individual savings accounts and a change in the tax on dividend income.  Source

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