Industry experts have welcomed Chancellor Philip Hammond asking the Office of Tax Simplification to review Inheritance Tax, a move that could pave the way for reform.

Chancellor Philip Hammond MP has doubled the annual investment limit for Enterprise Investment Schemes from £1m to £2m, as long as those schemes are hi-tech ‘knowledge-intensive companies.’

The Government will publish its Autumn Budget on Wednesday 22 November, Chancellor Philip Hammond has announced this week.

John Griffith-Jones, chairman of the Financial Conduct Authority and the Payment Systems Regulator (PSR), has confirmed that he will leave both organisations at the end of his five year term of office.