Budget 2013 – Reaction from the industry

John Walker, National Chairman, Federation of Small Businesses, said:

"FSB says the Budget opens the door for small businesses to grow and create jobs. The Chancellor has pulled out all the stops with a wide-ranging package of measures to support small business.  FSB says the housing initiative will help reinvigorate the construction sector in which many of our members operate. National Insurance cut goes beyond what we were asking for and we are pleased to see the scrapping of the 3p fuel duty due in September."

Katharine Arthur, Tax Partner MHA MacIntyre Hudson

"The main rate of Corporation Tax will be reduced to 20% from April 2012, effectively merging the main rate with the small companies' rate which has been 20% since 2011.

The main rate has decreased gradually over recent years: this merging of rates will be welcomed by corporate businesses and will avoid the need for complex marginal rate relief calculations".

Ian Fletcher, director of policy at the British Property Federation,

"It's encouraging the Government's confidence in build to rent has been reciprocated and we are delighted to see that the equity funding was heavily oversubscribed. Working in partnership with Government the sector should deliver an exciting and quality array of homes for renters."

This blog will be updated as we receive more reactions

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