We are pleased to see that the Chancellor has made no material change to the Enterprise Investment Scheme. This is good news for advisers and their clients as EIS provides a powerful combination of tax reliefs for them as they look to reduce their tax burden.

And, with forthcoming increases in higher rate tax about to hit hard, investors need all the help they can get.

It is a shame that the Chancellor didn't take the opportunity to simplify the EIS structure, which is unnecessarily complicated. That is something we hope the next government might address as the current structure distracts investors from supporting enterprise and innovation.