CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Budget 2016: CPS reaction
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Budget 2016: CPS reaction PDF Print E-mail
Wednesday, 16 March 2016

Budget reaction from CPS head of economic research Daniel Mahoney: “George Osborne’s commitment to further spending cuts along with changes to the personal allowance and 40p tax thresholds is welcome

"Some of the Budget’s tax proposals will also undoubtedly help boost British enterprise, particularly announcements on business rate relief, corporation tax and tax cuts for the offshore oil and gas industry. It is also welcome that a new Lifetime Savings ISA will be introduced, which is very similar to the proposal from CPS Research Fellow Michael Johnson.

However, the Chancellor has unfortunately ducked some of the more major reforms needed. His announcement on tax simplification, for example, falls far short of what is required. As highlighted by CPS Research Fellow David Martin, the UK’s burdensome tax code has nearly doubled in length since 2010, and there is nothing in the Budget to reverse this worrying trend.

It is also concerning that the fiscal impact of this Budget is almost exclusively in the year 2019-20 – the year when George Osborne needs to achieve a budget surplus. Part of this is accounted for by the £3.5 billion of additional unspecified spending cuts, and it will be important to scrutinise the details of these cuts.”
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards


Tuesday 3 October - Guoman Tower Hotel, Central London

Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.

To book your place to attend, please contact Alison Lucas.


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197