Lancashire's reaction to the 2015 Budget

Chancellor George Osborne once more placed heavy focus on the 'Northern Powerhouse' as a crucial part of his recovery plans for Britain, with big news including a new Enterprise Zone for Blackpool.

Here, we gather the opinions of the red rose county's businesses and decision-makers. Click here to read the newest opinions.

Edwin Booth, chairman of the Lancashire Enterprise Partnership:


Anthony Cox, tax director for KPMG in Preston:

“Owner managers have long called for an end to the seemingly endless amount of form-filling and compliance with onerous red tape that typically comes with running your own business. Indeed, our own recent survey of the UK’s small and medium-sized businesses indicates that almost half of all business owners spend at least one day a week on basic administrative tasks. Anything which reduces this perceived ‘dead time’, allowing entrepreneurs to focus on the running and growing of their business will ultimately help drive economic growth, spur job creation and increase the competitiveness of the UK. So we want to see HMRC deliver on Mr Osborne’s ambitions for them.


Gill Molloy, group tax director of Preston-based Champion Accountants:

"Take up of AIA is on the up, with businesses only just realising the lucrative benefits of the scheme and we hope that the next Autumn Statement, whichever party may be successful, delivers another raft of business-boosting measures.”


Jane Parry, lead tax partner at PM+M: "The North West is - of course - a manufacturing hub so more R&D tax credits for both SMEs and large companies would have been a boost. It was a shame but hopefully new initiatives will be announced in the Autumn Statement.

"It was also positive to learn that an enterprise zone will be set up at Blackpool Airport. The scheme is projected to create 3,000 jobs and bring new a new lease of life to the area. This is the kind of focus and investment that will help drive the North West region ahead and bring long-term and sustained prosperity."


Colin Tice, tax partner at Cassons:“We don’t see this as an end to the tax return but it is a smarter way of getting there. January might not be as stressful for taxpayers, smaller businesses and their accountants if the annual tax return is abolished.


John Cridland, CBI director general:

“The brighter fiscal picture has allowed the chancellor to recalibrate his deficit reduction plans. In the next parliament this fiscal breathing space should be used to achieve intelligent reductions in public spending, together with much-needed infrastructure and innovation. With business investment a crucial driver of growth, the chancellor has signalled his intention to continue the Annual Investment Allowance. We want it to be made permanent in the Autumn Statement at £250,000 - this will fire the UK's economic kiln by spurring smaller firms to invest in plant and machinery.


Darrell Matthews, North West region director at EEF:

“Boosting the UK’s export performance is a national priority and the Chancellor is right to keep the pressure on by providing additional resources to support exporters in overseas markets. This is another step in a longer journey to meet the government’s £1trillion export ambitions and help cement a more balanced economic recovery.


Malcolm Ireland, head of Leisure & Licensing at Napthens:“We have already seen two years of successive cuts to beer duty help improve confidence and spur investment in the licensed trade. The British Beer & Pub Association is predicting that a third year of cuts will help create almost 4,000 jobs for the sector, and I welcome this news.


Gary Lovatt, FSB regional chairman for Lancashire & Cumbria:

"The move to scrap the Annual Tax Return will be welcomed and is an example of how cutting red tape can be painless, beneficial and improve business efficiency. Scrapping Class 2 National Insurance Contributions for the self-employed is hugely welcome, and the reduction in corporation tax will encourage business growth and expansion.


Keith Pressler, director at Taylor Patterson:

"The good news is that only 4% of pensioners would be potentially affected by this reduction, the chancellor is working on the basis of most pensioners (and voters!) being unaffected. A defence against the opposition argument that the Tories favour the wealthy and a saving on tax relief payments to boot!

"The FTSE 100 index was in buoyant mood and surged on the news that ‘Britain walking tall again’ is good news for the economy and the taxpayers of the UK according to George Osborne. The big question is how long will this last and what further changes can be expected post the general election?"


Tony Medcalf, tax partner at Moore and Smalley:“The hospitality industry and the farming industry were two winners in the budget. Tax on beer has been cut by a further 1p along with cuts to duty on cider, wine and spirits. This is the third year running beer duty has been lowered which will benefit the hospitality and leisure sector. Farmers will be allowed to average incomes for tax purposes over five years potentially reducing the tax paid.

“Petrol duty has been frozen and September’s planned increase in fuel duty has been scrapped. This is good news for commuters and businesses with heavy fuel use, such as hauliers and transport companies.”


David Grant, Moorehouse's Brewery:"The chancellor’s penny of the price of a pint of beer means he has listened further to the industry bodies and recognised the beer and pub industry contribution to employment and the economy. But I am disappointed that George Osborne has not made any moves to level the playing field for independent brewers and raised the threshold for the relief.

"[The decision to cancel the rise on fuel duty scheduled for September] will be especially helpful to small companies like Moorhouse’s – helping to contain our costs as we grow our business."


Noam Handler, tax partner at EY in the North West:“The chancellor has offered a fundamental review of business rates in time for Budget 2016 and the revaluation in 2017. On one side this offers the opportunity for this iniquitous tax to be reviewed, but on the other side the chancellor has constrained the scope of the review by requiring that it remains revenue neutral at a time when other countries are reassessing where the tax burden arises.

Enjoyed this? Read more from Lancashire Business View

Latest news

1

Fulfilmentcrowd makes double senior hires Katie Shepherd L And Rachel Miller R

Fulfilmentcrowd makes double senior hires

19 Apr 2024

2

Forbes makes Manchester move Forbes Manchester

Forbes makes Manchester move

15 Apr 2024

3

Blackpool approves plans for pair of apartment complexes New South Promenade Apartments Visuals

Blackpool approves plans for pair of apartment complexes

12 Apr 2024

4

International building supplies firm to open new plant in Preston New Kerakoll Group Premises Visuals

International building supplies firm to open new plant in Preston

11 Apr 2024

5

Distinguished engineer takes senior role at Lancaster University Rebecca Lingwood

Distinguished engineer takes senior role at Lancaster University

11 Apr 2024

Hwc 2024 Email Signature 980x120
Background image for hub sign up block

LBV Hub

Reach 50,000 members of the Lancashire business community

Post your news
Post your events
Post your offers
Company profile
Social reach
Magazine coverage
Sign-up
Events
Health and Wellbeing Conference 2024
Hwc 2024 Social Media 1200px 1
Networking
23 Apr 2024

Health and Wellbeing Conference 2024

Crow Wood Hotel, Burnley , BB12 0RT

08:30 - 13:00

Help to Grow Management Course
HTG2.png.png
LBV Hub Seminars
15 Apr 2024 - 17 Jul 2024

Help to Grow Management Course

Preston Campus , Preston , PR1 2HE

09:30 - 14:00

St Catherine’s Corporate Skydive
Corporate SkyDive.jpg.jpg
LBV Hub Fundraisers
21 Apr 2024

St Catherine’s Corporate Skydive

Black Knights Parachute Centre, Lancaster, LA2 0YD

12:00 - 16:30

HR Complete Training Programme: Equality and Diversity
Picture1.png.png
LBV Hub Webinar
23 Apr 2024

HR Complete Training Programme: Equality and Diversity

Online (Zoom)

09:30 - 11:00

Business Networking in Blackburn - BNI Vista
EVENT LISTING SIZING Vista.png.png
LBV Hub Networking
23 Apr 2024

Business Networking in Blackburn - BNI Vista

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:45 - 08:30

Emergency First Aid at Work
Chamber Logo1.png.png
LBV Hub Seminars
23 Apr 2024

Emergency First Aid at Work

FGH Training, 3rd Floor, Storey House, White Cross Business Park, Lancaster, LA1 4XQ

09:00 - 16:00

Business Networking in Chorley - BNI Endeavour
EVENT LISTING SIZING Endeavour.png.png
LBV Hub Networking
23 Apr 2024

Business Networking in Chorley - BNI Endeavour

Oak Royal, Bury Lane, Chorley, PR6 8SW

06:30 - 08:30

Business Networking in Lancaster - Eden Business Network
EVENT LISTING Eden Business Network.png.png
LBV Hub Networking
24 Apr 2024

Business Networking in Lancaster - Eden Business Network

The Borough, 3 Dalton Square, Lancaster, LA1 1PP

18:30 - 20:30

Business Networking in Preston - BNI Diamond
EVENT LISTING BNI Diamond.png.png
LBV Hub Networking
24 Apr 2024

Business Networking in Preston - BNI Diamond

The Marriot Hotel, Garstang Road, Broughton, PR3 5JB

07:15 - 09:00

30 Minutes: Net Zero Introduction for Blackpool Businesses - Free online event
BU 2024 Events.jpg.jpg
LBV Hub Webinar
24 Apr 2024 - 24 Apr 2024

30 Minutes: Net Zero Introduction for Blackpool Businesses - Free online event

Online, Blackpool , FY4 1EW

10:00 - 10:30

Your Business Bootcamp Bitesize: "Roger That… The Importance of Asking Twice"
CBP-logo LBV.png.png
LBV Hub Webinar
24 Apr 2024 - 24 Apr 2024

Your Business Bootcamp Bitesize: "Roger That… The Importance of Asking Twice"

Online, Online, Online

08:00 - 09:30

Business Networking in Accrington - BNI Zeus
EVENT LISTING SIZING Zeus.png.png
LBV Hub Networking
24 Apr 2024

Business Networking in Accrington - BNI Zeus

The Mill House, Corn Mill Yard, Accrington, BB5 5HX

06:45 - 08:30

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more Lbv115 Online Graphic
Subscribe now

Weekly news bulletin