The Coffer Group Responds to the Budget
March 21, 2012
This is certainly not an austerity budget and may give confidence to the majority of tax payers to continue spending. The increase in the personal allowance will benefit many and the reduction in the top rate of tax will create headlines. In common with other businesses reliant on consumer spending and confidence we should see a gradual benefit as consumer confidence returns slowly.
This positive budget and the increasing likelihood we will avoid a double dip combined with the activity in London this summer may help drive confidence higher as the year continues.
The reduction in corporation tax will help retain profits for much needed investment in businesses.