On 29 June, one week after the UK coalition Government announced the emergency budget, private client lawyers gathered to discuss the repercussions. John Malpas reports

A gathering of leading private client lawyers has given the UK coalition Government's emergency budget a cautious thumbs-up, despite the tension generated by clear differences in the pre-coalition taxation policies of the Conservatives and Liberal Democrats.

Leaders from the private client legal community gathered at the May Fair Hotel in London on 29 June – a week after the emergency budget was delivered – to debate the impact of the package of tax changes unveiled by Chancellor George Osborne.