Richard Hoskins: Do you want the good news ... or the bad news?

There is much for venture capital trusts (VCTs) and Enterprise Investment Schemes (EISs) to applaud among the sentiments expressed for the sector by Philip Hammond in his Autumn Statement - but there is also one nasty little bit of detail that may not receive quite such a hurrah. The Chancellor talked much of growth and innovation potential and announced £400m into venture capital to support start-up companies and prevent them from being snapped up before they reach anything like a decent level of maturity. This will go into the British Business Bank to unlock £1bn of new funding - ye...