Clive Owen LLP

Reacting to today’s mini-Budget Chris Beaumont, partner at Clive Owen LLP said: “Tees Valley appears to be a real winner in this ‘mini-Budget’ with the announcement of an investment zone, which will deliver a number of significant benefits. Our region, and its fantastic cohort of businesses will I am sure embrace the opportunities offered. It is an exciting time to be living and working in Tees Valley and as a firm we demonstrated our confidence with the opening of a new office in Middlesbrough last year, which has already grown by over 25% in less than twelve months.

“The Chancellor also made a number of other announcements, including changes to corporation tax, investment allowance, stamp duty, IR35 and the abolition of the 45p tax rate which will affect our clients and this is something our tax experts will communicate to them to ensure that they take advantage of the new measures.”