Spring budget 2016

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17 March 2016


Saunderson House200Yesterday, George Osborne delivered his first full Budget of the current Parliament. In his own words he described this as a Budget for the next generation, with a repeated theme of “act now, so we don’t pay later”.

His speech contained the usual set of jokes at the opposition’s expense and a healthy smattering of his own phrases of choice – six uses of “Northern Powerhouse”, with a “devolution revolution” and “we are the builders” thrown in for good measure.

In this note we cover the four announcements that we believe are likely to be most relevant to the financial planning of our clients, together with a brief comment on the potential impact of the Budget on markets. If you have any questions, please contact your usual adviser.

Download the full Budget Briefing here



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Algorithms and the law

Jeremy Barnett

Our aim is to start a discussion in the legal profession on the legal impact of algorithms on firms, software developers, insurers, and lawyers. In a longer paper, we consider whether algorithms should have a legal personality, an issue which will likely provoke an intense debate between those who believe in regulation and those who believe that ‘code is law’. In law, companies have the rights and obligations of a person. Algorithms are rapidly emerging as artificial persons: a legal entity that is not a human being but for certain purposes is legally considered to be a natural person. Intelligent algorithms will increasingly require formal training, testing, verification, certification, regulation, insurance, and status in law.

August 22nd, 2017