BUDGET IN DEPTH: Tories brand Brown a 'villain'
Speaking after the Budget speech, chief secretary John Bercow has called the chancellor a 'villain' for burdening business with taxes and red tape.
Speaking after the Budget speech, chief secretary John Bercow has called the chancellor a 'villain' for burdening business with taxes and red tape.
Bercow said: ‘We shall look carefully at the details of the measures on business.
‘But by lowering business taxes now, the chancellor is like a villain taking someone’s wallet, extracting the notes, and returning the wallet with some small change still inside.
‘He has burdened business with £6bn a year of extra taxes and £5bn a year of extra red tape – burdens that are impeding companies’ ability to win orders and create jobs.
‘Last year there was a new regulation introduced every 26 minutes of the working day. UK businesses are spending more time filling in forms andless time chasing orders and creating jobs.’
Bercow said that over the last five years Britain had fallen from ninth to 19th on the World Competitiveness Scoreboard.
‘Our productivity growth used to be faster than that of the USA,’ he added.
‘Under Labour, it has been slower. Our share of world exports has fallen and our balance of trade has been in deficit every month for the last four years.’
The numbers you crunch tell a story. Your expertis...
22yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article