Despite Gordon Brown’s vision of making the UK the best country in the world in which to do business, it appears FDs have yet to be convinced that measures taken will enable this to become reality.
A massive 57% said they were undecided on the announcements, with many feeling the Budget was aimed at the man in the street ahead of the election, rather than business.
Meanwhile, concerns over red tape and high tax on petrol were contributors to the low feel good factor, with only 18% of FDs suggesting that the Budget had been good news for them. The remaining 25% said they thought the Budget was not beneficial.
‘The chancellor has missed yet another golden opportunity to give businesses a boost, preferring in absolute blatant terms to concentrate on his party’s election campaign,’ said Chris Baldwin, FD of car dealer Godfrey Hall Group.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals