Budget critical to affirming Britain’s business credentials

With Brexit just six months away, TheCityUK has called for the Chancellor to use his 2018 Budget to demonstrate the UK is committed to remaining an attractive and competitive place to do business, whatever the final Brexit outcome.

Miles Celic, Chief Executive Officer, TheCityUK, said,

Brexit related uncertainty continues to impact business confidence in the UK. This Budget must focus on reassuring the world that Britain will remain one of the best places to start and grow a business.

“We need to show that the UK is investing in the future with new digital, rail, road, and airport infrastructure, and affordable housing. Talented people from across the world should feel welcome to come to the UK to learn, to be employed or to launch the business success stories of tomorrow. Those at home should know that opportunities are open to them to achieve their aspirations in an economy where character and ability count rather than background.

“A critical aspect to ensuring this continued attractiveness is for the government to put in place a competitive, stable and simplified taxation system for all entrepreneurs, businesses and employees.”

TheCityUK’s budget submission makes three core proposals focused on:

  • Investing in regional infrastructure
  • Enhancing the competiveness of the UK’s labour force
  • Reassuring businesses through consultation and simplification of the tax system

The full TheCityUK 2018 budget submission can be downloaded here.