The Spring Statement: Everything you need to know

There were a lot of headline grabbers in this year’s Spring Statement, but one of the biggest was the Office for Budget Responsibility’s (OBR) predictions that the UK will not enter a technical recession in 2023 – very encouraging news for businesses. There was a lot announced this time around, so here’s our handy guide to help you break down the main takeaways.

  1. Corporation Tax Rise

As expected, the Government pressed ahead with its rise to Corporation Tax, taking this from 19p to 25p. While businesses have had some time to prepare for this shift, it will undoubtedly still cause a ripple effect through their finances – particularly as there will be little support on energy prices in the next tax year. 

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Time Finance plc

More articles like this

Time Finance plc

Time Finance appoints Matt Heap as new Head of Credit

Time Finance has welcomed Matt Heap as the new Head of Credit within its Asset Finance division, bringing over two decades of experience in financial services. Matt’s background includes senior positions such as Business Manager at

Time Finance plc

UK budget changes target economic growth and business stability

This year’s Budget announcement has introduced several new measures that the Government hopes will rebuild public finances, create economic growth, and strengthen business foundations across the UK. Among the most notable shifts is a £40 billion

Time Finance plc

Business finance for entrepreneurial success

Business finance is a crucial aspect of running a successful company, yet many business owners wonder what it exactly entails. At its core, business finance involves managing a company’s financial resources to ensure ongoing growth and

Time Finance plc

The importance of Business Strategy

A business strategy typically serves as an outline detailing how a company plans to position itself, grow over time, and achieve its short-term and long-term objectives. It doesn’t always have to be a formal document, but

Time Finance plc

How to raise capital for business growth and success

Understanding how to raise capital can significantly impact a business’s success. Without the necessary funds, a company cannot grow or even begin its path towards success. Yet, many businesses struggle to identify the most suitable methods