Like many industries, the financial services sector has had to adapt significantly to the unique challenges brought by the pandemic. Lockdowns and social distancing measures continue to force branches to close or offer reduced in-person services, so banks and financial institutions have had no choice but to re-think how they operate.
Allan Wilkinson is Partner at top-20 UK accountancy firm Buzzacott LLP. In 2014, the firm established its office in Hong Kong, and after relocating in 2017, Allan now leads the Expatriate Tax Services team there, which provides timely and bespoke UK and US tax services to individuals living in Asia. Together with the other specialist teams in the UK, Buzzacott makes up a firm of over 450 employees who work together to tailor-make specialist financial solutions for clients.
Chancellor Rishi Sunak has announced his economic plan aimed at helping the UK to recover from the COVID-19 pandemic, promising to "protect the jobs and livelihoods of the British people". Among some of the main points are an extended furlough scheme (until September 2021) and Sunak’s plan to increase the tax on large company profits from 2023.
We take a look at some of the key takeaways from his spending plan for the new year below.
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