Autumn Statement cuts corporation tax and supports regional business hubs

In Industry News On

The Autumn Statement announced on Wednesday 23 November by chancellor Phillip Hammond contained good news for small UK businesses according to one retail figure, who also believes it is vital that such businesses are ‘match fit for Brexit’.

high-street-shoppersEpos Now chief executive and Retail Entrepreneur of the Year Jacyn Heavens commented: “A reduction in the corporation tax, a rural business tax break which will help small firms in the countryside and a promise that the first investment in the Northern Powerhouse in early 2017 will support SMEs will all please the UK’s small business community. The cut in corporation tax and support of regional business hubs were top of the wish list (cited by 27% and 21% respectively) when Epos Now asked 1,000 small business customers what they would most like to see in the Autumn Statement.”

He added: “However, the jury is out over whether this will be enough to help small businesses to grow next year. Our poll also showed that 65% felt that economic instability following the Brexit vote was their major concern and the blacker than expected fiscal forecast will do nothing to allay these fears. Small businesses must take Philip Hammond’s comments about being ‘match fit for Brexit’ to heart. Optimising their use of technology to streamline their processes, make operational savings and provide a new agility will be a major first step towards this and ensure they are ready to face the future whatever it holds.”

You may also read!

Hotpoint launches GentlePower washing machine

Hotpoint has launched a premium range of washing machines, which includes a 9kg, ‘A’ energy rated, GentlePower washing machine


Fisher & Paykel’s first induction hob with integrated ventilation

The newest addition to the Fisher & Paykel appliance range is the brand’s first induction hob with integrated ventilation.


Caple debuts its new induction downdraft extractor

Caple’s new induction downdraft extractor (DD810BK) features an integrated motor, which is located just below the hob. When using the


Mobile Sliding Menu

©2021 Innovative Electrical Retailing. Datateam Business Media Limited. All rights reserved.
Registered in England No: 1771113. VAT No: 834 8567 90.
Registered Office: 15a London Road, Maidstone, Kent ME16 8LY