With growing concern that business has been sidelined in recent Budgets – and the chancellor’s unprecedented early announcements last month of tax breaks for large and small businesses – this week’s Accountancy Age/Reed Accountancy Personnel Big question found 31% of finance directors want a separate business Budget.
CCME FD Paul Chapman said: ‘As the complexity of the announcements increase, the Budget should be updated to clarify its impact. A separate Budget for business would facilitate this for business, individuals and stakeholders.’
Godfrey Hall Group FD Chris Baldwin said: ‘This government should wake up to the needs of UK business.’
But some 52% of the 245 respondents want no changes. One FD said it would be a waste of time, as only accountants would make money to produce accounts twice. B L P Consultancy FD Hugh Blake-Thomas said: ‘(The) Budget has to balance income and expenditure needs between businesses and individuals. It makes no sense to do it separately.’
Mark McMullen joins the private client services team from Smith & Williamson
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