“There was much to welcome in yesterday’s Budget for SMEs across the UK with the broad review of business rates and the expansion of wifi and ultrafast broadband to every corner of the UK being significant steps forward for many of our SME customers.
“However, we would have liked to have seen a firm commitment on the Annual Investment Allowance and await further details from the Chancellor on this. A healthy investment allowance means businesses are able to make serious investment plans. We have seen a number of changes to the allowance in recent years and the latest increase has provided favourable conditions to encourage investment. UK SMEs need more of the same.”
For further enquiries, journalists can contact:
Christina Bridge, Cicero Group
Phone: 020 7947 5317
Mobile: 0790 0242 823