We've all heard what the chancellor has to say, but what do the accounting and business communities think of this year's Budget Report? We're rounding up some of the day's opinions, so keep your eyes peeled for regular updates as the comments keep on coming.
Stephen Herring, senior tax partner, BDO LLP
"It is very disappointing that the chancellor has missed an opportunity to announce a phased reduction in the level of corporation tax from its current level of 28 per cent, which is increasingly uncompetitive compared to many of our key competitors for global business investment.
“Whilst the increase in the Annual Investment Allowance on capital expenditure for small businesses' will be a modest boost for a number of smaller businesses, this is no substitut...