It’s that time of year again. As we head into the Budget build-up, what are you hoping to see in the Chancellor’s announcement? Is there anything you’re dreading?
In terms of investment, the last Budget saw the government announce their plans to increase Corporation Tax from 19% to 25% from 1 April 2023, and the more recent announcement to increase NIC by 1.25 percentage points from April 2022. What is this going to do to help businesses invest? Do you think this will encourage businesses to grow?
In view of the COP26 summit scheduled for the week after the Budget, what do you think the government could do to encourage businesses to save the planet? Do you think there will be a focus on investing in a greener way?
Now that Britain is well and truly out of the EU, VAT rules can be written solely by the UK government rather than aligning with Europe. What would you like to see changed?
Feel free to share your predictions and premonitions in the comments.