November 2024
Chancellor Rachel Reeves announced the Labour government’s first budget since 2010 yesterday. BE News's latest article gathers reactions from across the build environment, including from our Chief Executive Peter Allinson.
“I am concerned that this budget, which sets the tone for the years ahead, is a missed opportunity for the government to build the strong, dynamic relationships it needs with businesses if they have any chance of delivering improvements to the UK’s housing shortage, infrastructure challenges, underperforming high streets and the economy.
SMEs, which are key to our economic growth, will face further financial pressure due to the joint increase in employer national insurance, the substantial reduction in the level at which employers start paying NI and the increase in the national minimum wage. The reform of business rates for leisure, hospitality and retail businesses in 2026/27 has been a long time coming, but the reduction of rates relief from 75% to 40% up to £110,000 from April 2025 will see their business rates nearly doubled. Businesses are shouldering much of the burden.”
Read the full article here.
Peter Allinson (Chief Executive)
As the firm’s Chief Executive Peter has historically focused on developing innovative solutions for the running of the firm and in support of its growth. The result is a model which delivers quality advice at exceptional commercial value. Peter is now increasingly concentrated on his work as Head of the Business Development team.
ABOUT DAVITT JONES BOULD:
Davitt Jones Bould is a national law firm that specialises entirely in real estate. The firm has offices in London, Manchester, and Birmingham ensuring truly national coverage.
The firm is renowned for its high quality legal work and service.
We only recruit experienced lawyers with excellent calibre. As a result, our legal team of around 70 lawyers have an average post-qualification experience that exceeds 25 years. Most have joined us from other City firms, in-house departments and/or senior roles. Our lawyers have advised some of the UK’s most significant land owners including Barclays Bank, HSBC, Credit Suisse, Rolls Royce, The Royal Parks, The Cabinet Office and The Crown Estate. This focus on quality only has led to a 50% male and female Partner rate.
All of our clients are provided with a dedicated client care professional at no extra charge, which ensures that they receive the highest standard of service at all times.
Davitt Jones Bould is regularly selected to advise on high profile projects such as the hosting of the London 2012 Olympic Games by The Royal Parks and the first Sukuk Bond to be entered into by a Western Government on behalf of HM Treasury. Based in London at The Shard and also Manchester, Birmingham and Taunton, we have a national presence.
The firm enjoys top tier rankings in all of the main directories, as well as receiving many awards.
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