2018 growth forecast upgraded from 1.3% to 1.6% Budget deficit forecast for 2018/19 fiscal year cut to £25.5bn from £37.1bn forecast in March A ‘tech tax’ on revenues of tech giants from 2020, subject to further international discussions Annual Investment Allowance increased from £200,000 to £1m for two years Tax on imports of plastic...
Business West director of policy Matt Griffith described the Budget as pro-business in which the Chancellor “reaffirmed his commitment to providing stimuli in the right places”. “Businesses will welcome the Chancellor’s commitment to housing, particularly with the Housing Infrastructure Fund,” said Mr Griffith, pictured. “The spiralling cost of housing makes it tougher for businesses...
CBI director-general Carolyn Fairbairn looked to Halloween for inspiration for her reaction, saying Philip Hammond brought “more treats than tricks for business” in today’s Budget. “It recognises the enormous contribution enterprise has made to balancing the UK’s books through jobs, pay and tax and responds to many of the recommendations that firms have made,”...
Chancellor Philip Hammond started his speech at 3.33pm and finished at 4.43pm. He open by saying he will deliver a Budget for “hard-working families … who live their lives far from this place … and care little for the twists and turns of Westminster politics”. Chancellor says the era of austerity is coming to...
Monday October 29 Interims: HSBC Tuesday October 30 Interims: Hunting, Reckitt Benckiser, BP, Standard Chartered, BNP Paribas, Deutsche Lufthansa, Airbus, Allergan, General Electric, Mastercard, Pfizer, eBay Wednesday October 31 Interims: General Motors, Santander, Credit Suisse Trading updates: Computercenter, Next Thursday November 1 Interims: BT, Shire, Carlsberg, Starbucks, Apple Trading updates: Smurfit Kappa, Smith &...
A radical shift of power from London to the regions would protect them against any negative impact of Brexit, a gathering of mayors from across England has agreed. Tim Bowles, the metro mayor for the West of England, including Bath and North East Somerset, met other regional leaders at the summit in Bristol on...
