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Tax changes will mean ‘less research’, says shadow minister

Image: The Royal Society

Chi Onwurah claims planned cuts to tax relief will halve what firms can claim

Shadow science minister Chi Onwurah has accused the government of “abandoning small businesses” following Jeremy Hunt’s plans announced in November to cut R&D tax relief from April.

Speaking in parliament on 17 January, Labour MP Onwurah claimed the government “issued no guidance, gave no support and had no consultation on their changes on SME R&D tax credits” and was “abandoning small businesses”.

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