Phil Hall, Tax Partner at BDO in East Anglia, said:

“The Chancellor set out his stall to prioritise stability, growth, and public services through tax rises and spending cuts.

“Given the instability of the past few years, businesses were calling for certainty and a longer-term tax roadmap, so many will welcome some of the announcements signposting planned changes and freezes up to 2028.

“As well as the headline issues around inflation and rising costs, businesses are deeply concerned about supply chain disruption, energy shortages and rising energy costs this winter.

“Our recent Rethinking the Economy research found more than half feel there hasn’t been enough investment in levelling up. The Chancellor  announced an update on the proposed Investment Zones that they will be focused around R&D in universities in “left behind” areas. The key will be connecting businesses in East Anglia with the talent and ideas in these clusters to ensure the investment will effectively drive levelling up.”

Previous articleBDO promotes 50 in East Anglia
Next articleBirketts announces merger with Batchelors Solicitors