Budget 2009: Members' reactions

AccountingWEB.co.uk members have been very vocal with their thoughts on this year's Budget, so we've gathered together a collection of insights from around the community. Feel free to add your own comments below.

David Shephard
"This budget epitomises the total lack of understanding the Chancellor has of small businesses.

So many missed opportunities to get the economy back on track. The failure to make small business rate relief automatic; failure to raise the VAT registration threshold; failure to extend the reduced VAT incentive.

Continued...

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Comments

Dont forget the main point

SXGuy | | Permalink

Although i agree with the majority of replies, i think people seem to forget the connection between taxes and political tactics.

Of course more should have been done, and increasing the rate of tax for high earners solves no real purpose, but stay reminded of the fact that, any tax rise a year before an election is suicide for any party in power.

I fail to see the logic in discussing what was right or wrong with the budget when its clear to anyone with some common sense that it was hardly going to be a good budget a year before an election.

Illogical borrowing

Anonymous | | Permalink

I cannot see how any accountant would approve of borrowing £175 billion in a time of financial difficulty. But that is what the business of UK Ltd is planning to do. It is financial and national suicide.