Last month, we had the first Labour budget in 15 years and there was much speculation in the lead up to it, some of it spot on and a fair bit a long way wide of the mark.
The Budget did though herald change a plenty, some of it immediate and some of it still to arrive. I couldn’t make our Budget Day event at Kingsholm unfortunately but from all I have heard it went well with plenty of interaction so thank you to all those that came along whether that be our guests or our joint presenters, Rathbones, or our own teams. Being together to experience this and having that immediate communication with others is invaluable.
We have communicated the major changes the Chancellor brought in within the latest issue of In Focus. There was more change than we have had recently and whilst we can explain the changes, I appreciate this is not necessarily covering everyone’s personal circumstances. We are all different and have our own set of circumstances and different elements of the new rules will apply.
If you read the ‘welcome’ for In Focus you’ll have read that Shaun likes to get out and meet his clients. This is something that is important to all of us here and we feel is equally important to our clients. Following the Budget we will be speaking with as many of our clients as we can to outline the effects because some of them this time will be significant. Nikki has put together the changes to Agricultural Property Relief for Inheritance Tax which I am sure will be on the minds of our farming clients.
Also in the latest edition of In Focus, Will talks about unlocking the ideas we all have to make our businesses grow and succeed. Again, this all comes down to communication and Will is excellent at getting people to talk and explain their ambitions and then to help people move towards achieving those ambitions. This is done most effectively person to person and reinforces Shaun’s words about meeting people.
Whilst any form of communication is valuable, we get most from sitting and talking and letting the conversation flow. For us it means we can better understand what our clients want and means we get to learn the individual circumstances that provide the drive to them to make the changes they want to meet their ambitions.
Communication is also key internally, whether its business strategy, working together on a client’s needs or our staff well-being. Staff are the biggest asset of any business which is why engagement and consultation is so important.
Many years ago, there was an advert for a certain communications company that said, “It’s good to talk”. It certainly is!
Contact Tim Watkins for more information by emailing tim.watkins@randall-payne.co.uk or call 01242 776000.
