TaxPersonal TaxBrown’s Budget fails to please FDs

Brown's Budget fails to please FDs

Fewer than one in five finance directors believe the Budget was good for their business, according to this week's Accountancy Age/Reed Accountancy Personnel Big Question.

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.

Links

Budget 2001

2001/02 UK tax rates

FDs give thumbs up to chancellor

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