Rangewell: Spring Budget LivePublished on 8th March 2017
As Philip Hammond releases his economic plans in the Spring Budget at 12:30 today, the Rangewell team will be on hand with comment as it happens – analysing what the Chancellor’s policies mean for businesses.
While the Chancellor is expected to release a very restrained Budget with a focus on putting Britain in a strong position ahead of the exit from the European Union, our hope is that he will announce measures to help businesses set to be hit by the sharp hike in rates on the 1st of April.
“Something that we are very focussed on is the importance of businesses being able to move from a start-up stage into being an established business – increasing the size of their workforce and building sustainable long-term growth,” says Craig Drake, Head of Research for corporate funding specialists Rangewell.
“While we are of course supportive of the doubling of rate relief and the raising of thresholds for relief, we are concerned that the hike in the allowable business rate increase will hurt exactly the kinds of businesses that the Chancellor is relying on as we approach the economic volatility of an exit from the European Union.
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