BCC and CBI ‘at odds’ over borrowing to reduce corporation tax and capital gains tax
‘Business leaders are at odds over whether George Osborne should depart from his Plan A if the economy continues to flatline, mirroring divisions in the cabinet.
‘The British Chambers of Commerce has broken ranks with other groups by saying the chancellor should borrow more to fund “massive” business tax cuts if the economy does not start growing within six months. But the CBI, the largest group, warned that such a move would create a “major risk” of unsettling markets, which could lead to higher interest rates and damage business confidence …
‘The CBI calls for a fiscally neutral Budget …. It also calls for £950m of business tax measures, such as capping April’s planned 2.6% business rate rise at 2% and removing stamp duty on shares listed on the Alternative Investment Market.’
BCC and CBI ‘at odds’ over borrowing to reduce corporation tax and capital gains tax
‘Business leaders are at odds over whether George Osborne should depart from his Plan A if the economy continues to flatline, mirroring divisions in the cabinet.
‘The British Chambers of Commerce has broken ranks with other groups by saying the chancellor should borrow more to fund “massive” business tax cuts if the economy does not start growing within six months. But the CBI, the largest group, warned that such a move would create a “major risk” of unsettling markets, which could lead to higher interest rates and damage business confidence …
‘The CBI calls for a fiscally neutral Budget …. It also calls for £950m of business tax measures, such as capping April’s planned 2.6% business rate rise at 2% and removing stamp duty on shares listed on the Alternative Investment Market.’
