To his credit, the UK Chancellor Jeremy Hunt put the long-term interests of British businesses front and centre of the Autumn Statement.
Most critically, the Government announced it would make full expensing permanent. In 2017, full expensing was the best idea in politics you’ve never heard of; today, the idea that you should let businesses deduct the cost of any investment they do from their corporation tax bills is orthodoxy. As my colleague Derin Kocer explains: “Full expensing gives businesses what they need: incentives to make long-term investments. Making this policy permanent will offer certainty to invest and drive businesses to upgrade the nation’s capital stock, boosting our