Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Budget brings mixed news for industry

This year's Budget has met with mixed reactions from the industry, with corporation tax cut for big businesses but increased for small companies.

British Shops and Stores Association chief executive John Dean said that while corporation tax would cut the headline rate from 30% to 28%, for small businesses it would rise from 20% to 22%.

The Confederation of British Industry said the corporation tax cut could mean that fewer companies switch their business to cheaper overseas markets.

BRC director general Kevin Hawkins said he rated the budget as eight out of 10 for business, while Seymour Pierce analyst Richard Ratner added that the increase in fuel duty would be a cost passed on from logistics suppliers to retailers.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.