Budget 2011: What I want to see
Ahead of Budget Day on 23 March 2011 David Bennett, tax partner at Moore and Smalley shares his thoughts on what he would like to see announced by the Chancellor, George Osborne.
“I would like to see greater incentives for capital investment. It’s capital investment that the country needs to get the economy going again, and yet we have seen reductions in capital allowances in recent Budgets. It would be something of a U turn, but I’d like to see far more generous first year allowances, to give small businesses a meaningful tax incentive to invest in new plant and machinery.”