With the dust having barely settled on last year’s Autumn Statement, Chief Executive of Time Finance, Ed Rimmer, shares his thoughts on the last Spring Budget before the next general election and why businesses should be front and centre for the Chancellor.
The Government’s Autumn Statement last year was a bold one, and the biggie for businesses was the move to make full expensing permanent, which at the time was dubbed the single biggest business tax cut in modern British history. This measure is expected to stimulate £20bn a year in business investment. Given the scale of this measure, it would be fair to say in normal circumstances that further tax cuts would be unlikely this time around. However, this is a pre-election budget, and the Chancellor will pull out all the stops to appeal to a broad spectrum of voters ahead of the yet-to-be-announced election.
Keeping momentum
Between the recent news of economic contraction at the end of last year and the looming election, there is a risk that any progress being made in supporting business – both new and existing – will falter.
Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans. Time Finance can fund businesses or arrange funding with their trusted partners through Asset Finance, Invoice Finance, Business Loans, Vehicle Finance or Asset Based Lending.
