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

Group outlines multi-million-pound regeneration plans for Preston Preston 35 Launch

Group outlines multi-million-pound regeneration plans for Preston

26 Jul 2024

2

County council's scaleup support creates more than 100 jobs Scaleup Leaders Network Participants 2022

County council's scaleup support creates more than 100 jobs

26 Jul 2024

3

Behind the scenes of Root Fifty-Two's Pendleside Hospice refreshed brand Pendleside – 2 (1).jpg.jpg

Behind the scenes of Root Fifty-Two's Pendleside Hospice refreshed brand

26 Jul 2024

4

How to build mental strength How to build mental strength .png.png

How to build mental strength

26 Jul 2024

5

How to be better than your biggest competitor Neil Burrows 2024 2

How to be better than your biggest competitor

26 Jul 2024

Bec Web Strip 980x120
Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
Lancashire Built Environment Conference
BEC 315 X 315 Px
Networking
25 Sep 2024

Lancashire Built Environment Conference

Conference and Exhibition Centre, Winter Gardens Blackpool, FY1 1HL

08:30 - 13:00

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
11 Jun 2024 - 04 Dec 2024

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 16:30

Skills Bootcamp in Procurement - Cohort 1
Blue-Modern-Land-Travel-Youtube-Thumbnail-2-1024x576.png.png
LBV Hub Seminars
30 Jul 2024 - 08 Oct 2024

Skills Bootcamp in Procurement - Cohort 1

Community & Business Partners CIC, Blackburn, BB2 3UA

09:30 - 13:00

Preston Freelancer MeetUp and Coworking Day
Screenshot 2024-06-13 at 13.55.10.png.png
LBV Hub Networking
30 Jul 2024

Preston Freelancer MeetUp and Coworking Day

Society1 Coworking Space, Preston, PR1 3LT

10:00 - 12:00

Scaling your revenue: From zero to £1m in 60 months
CBP-logo LBV.png.png
LBV Hub Webinar
31 Jul 2024

Scaling your revenue: From zero to £1m in 60 months

Online, Online, Online

08:00 - 09:30

Chamber Breakfast Networking
Chamber Logo1.png.png
LBV Hub Networking
31 Jul 2024

Chamber Breakfast Networking

Pye Motors, Morecambe, LA3 3PF

08:00 - 10:00

International Coworking Day Open Day
1.png.png
LBV Hub Social
09 Aug 2024 - 09 Aug 2024

International Coworking Day Open Day

Society1 Coworking Space, Prestin, PR1 3 LT

10:00 - 13:00

Knowledge & Networking: Basic Digital Marketing
Chamber Logo1.png.png
LBV Hub Seminars
12 Aug 2024

Knowledge & Networking: Basic Digital Marketing

Lancaster Golf Club, Lancaster, LA2 0AJ

14:00 - 13:00

Sub36 Networking Event - The Bee Centre
Sub36 Socialbee Centre
Networking
15 Aug 2024

Sub36 Networking Event - The Bee Centre

The Bee Centre, Chorley, PR6 8LZ

15:00 - 17:00

Understanding Menopause
menopause.png.png
LBV Hub Webinar
15 Aug 2024

Understanding Menopause

x, Online, x

12:30 - 13:15

Mini Networkers - Family Fun Morning
CBP-logo LBV.png.png
LBV Hub Networking
16 Aug 2024

Mini Networkers - Family Fun Morning

Community & Business Partners CIC, Blackburn, BB2 3UA

10:00 - 13:00

Morecambe Bay Walk 2024
bay1.jpg.jpg
LBV Hub Fundraisers
17 Aug 2024

Morecambe Bay Walk 2024

Sets off from Arnside, Carnforth, Cumbria Finishes at Grange Promenade, Kents Bank, Arnside, LA3 3LL

15:00 - 17:30

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 LBV116 Online Graphic
Subscribe now

Weekly news bulletin