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Budget is a potentially challenging, mixed bag for business, says FSB PDF Print E-mail
Wednesday, 08 July 2015

The Chancellor is right to continue to focus on the budget deficit reduction and has made some tough decisions to reach his goals. For businesses, the Budget contained a mixed bag of proposals, some of which will prove challenging to our members.

John Allen, National Chairman, Federation of Small Businesses, said:

“There was further support to reduce corporation tax, fix the annual investment allowance and boost regional growth, where investment in roads will be particularly well received. We agree with the focus on productivity but need to see the details to raise skills through the apprenticeship levy on large firms. Planning reforms are also critical to raising productivity and again we look forward to seeing the proposals on Friday.

“However, even though offset by a welcome increase in the employment allowance, some will find the new National Living Wage challenging. Changes to the treatment of dividends will also affect many of our members.”

(Source - FSB Comment)  

 
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