The boss of an Ipswich accountancy and book-keeping firm believes optimism about some of the changes announced in yesterday's Budget may be ill-placed.

Nick Hampton, director of RSZ Accountancy in Ipswich, says chancellor Rachel Reeves' announcements aren't good for businesses.

"But I think in many cases it’s better than expected. I feel that some of the suggested figures and optimism by the changes aren’t justified, and I feel the true outcomes will be worse," he said.

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"However, with so many of the introduced changes being planned for 2028 or beyond, it’s still possible these can be overturned or amended.

A 2% dividend tax rise for basic and higher tax rates may well hit lower earners in small businesses, he said.

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