This update of the Enterprise Investment Scheme (EIS) market comes out at a
turbulent time in British politics.
First, an ill-timed leadership change at the top created much uncertainty around the direction of UK politics and its implications for financial markets. Then, large parts of a controversial budget introduced by the government of Prime Minister Liz Truss had to be scrapped by Jeremy Hunt, brought in to replace Kwasi Kwarteng who had been chancellor of the exchequer for only 38 days.
As we go to press, the PM has lost two key ministers, shed the confidence of almost all her own MPs, and is under mounting pressure to step down.
Amid the political chaos, however, Treasury has reaffirmed its commitment to
supporting EIS, which is poised to benefit from the extension of the sunset clause beyond 2025.
UPDATE: just hours after publication, Liz Truss resigned as prime minister, saying she would step down after a week-long emergency contest to find her successor.
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