The Chancellor has delivered his first and last Spring Budget and our industry sector specialists have analysed the key changes that will impact individual sectors and industries.
Over recent years, the financial services sector (and banks in particular) has been a favorite source for raising tax revenue. However by comparison, the Spring Budget 2017 has been quiet for the sector. Read our summary of the changes.
The Budget added little to Government plans for infrastructure investment that had not been set out in the Autumn Statement 2016. For an update on the investment pledges for UK regions, read our summary.
Leisure & Hospitality
A revaluation of property from April could leave some businesses with steep increases in the business rates they face next month. For a full breakdown of the key changes impacting the sector, read our analysis.
UK manufacturing has got off to a much stronger start to the year than expected, providing a much needed boost to confidence. Read our analysis of how the Chancellor plans to keep the UK at the forefront of productivity.
Mining and Oil & Gas
Given the international nature of many natural resources companies, the tax changes arising from the recent global BEPS (Base Erosion and Profits Shifting) action plans continue to overshadow many of the corporate tax changes announced in recent Budgets. However there were changes announced in the Spring Budget that will be of significance to this sector. Read more in our sector analysis.
Now that the dust has settled on last year’s Brexit vote the Government has turned its attention back to the longer term aims for the economy. For professional services firms a few key announcements will mean increased tax costs and these have also left us wondering if there will be more to come?
Real Estate & Construction
This year’s Spring Budget has provided a welcome respite from the pace of change of recent years. Can the sector look forward to a period of relative stability?
With Brexit looming, the Chancellor delivered a cautious Budget while highlighting positives in the form of forecast beating growth in 2016 and public finances in better shape than feared. Which of the changes will impact on retailers?
Technology & Media
The Chancellor’s Budget emphasised his intention to improve the UK’s productivity and growth, commiting to investment in technology infrastructure, skills and education to provide much of the boost required. Read more about the investments announced that will impact this sector.