UK Spring Budget: Government trumpets improved tax relief scheme for ‘R&D-intensive SMEs’

U.K. Chancellor Jeremy Hunt went a small way toward addressing concerns over proposed research and development (R&D) tax credit cuts for small-and-medium sized enterprises (SMEs). But he stopped short of the u-turn some had hoped for following the Government’s Autumn Statement last November. Today’s announcement came as part of the U.K.’s Spring Budget, where Hunt…