The government has made clear its desire to make the UK "the best place to start and grow a business", a sentiment that I support and one that is increasingly more important as we embark upon our new, liberated journey outside of the EU. The National Insurance tax raid announced in the budget seems to fly in the face of that commitment.

In this new world we need entrepreneurs, we need small businesses to create and replace the supply chains currently based in Europe. This will reduce tariff exposure for large companies based in the UK currently importing production parts from Europe. We need small businesses to create products which substitute those we currently import – we need them to make Britain Great.

Small businesses have had to deal with a large number of changes with far less resource than their bigger brothers. They have had to deal with the doubling of insurance premium tax, automatic pension enrolment, the extra cost of the living wage, the infrastructure levy, the revaluation of business rates and the “making tax digital” plan.

While the delay in implementation in the electronic quarterly tax returns announced in the budget are welcome for those businesses under the VAT threshold, it is still too little too late and shows a complete lack of understanding of the underlying problem – resource.