CCR Magazine

You are here  :Home arrow News arrow Budget reaction from Jonathan Sealey, Hope Capital CEO
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Budget reaction from Jonathan Sealey, Hope Capital CEO PDF Print E-mail
Thursday, 09 March 2017
Jonathan Sealey, Hope Capital CEO, says “Today’s budget sees a real hit for small businesses and the self-employed. The cut in dividends and the rise in National Insurance payments equates to a tax hike, estimated by the BBC as being up to £2billion.  This could well hit both brokers and developers, many of whom are small businesses. The risk, where developers are concerned, is that where many invest their own money, they will now potentially have less money to put into new projects which will affect the amount they can borrow.  

“The worry is that this is the start of a trend of business bashing that the Chancellor is embarking on which could ultimately affect the level of development that takes place, with a knock on effect on the number of new houses built or refurbished by smaller developers - at a time when the Housing White Paper said that this is an area that the government wanted to expand.”

 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


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