Essex Chambers’ comment on today’s Budget


Commenting on today’s budget Essex Chambers’ Chief Executive, Denise Rossiter said;

”As with every budget there are things that we welcome but also much that we would like more detail on. The changes to taxation with reductions for air passenger duty for domestic flights, the continued freezing of fuel duty, simplification of drinks duties and the proposed reforms to the tonnage tax for merchant shipping are all things that are welcome”

“We are disappointed though that he appears to have moved away from reforming business rates which our members tell us are still one of the biggest barriers to they face. The changes to revaluation periods are of course welcome as are the proposed investment reliefs to encourage the adoption of green technologies along with the proposed business rates relief for property improvements.” 

“What is particularly welcome is the announcement that the Thames Freeport is one of three new Freeports given the go ahead to begin their operations in November. This is very welcome and we believe this will ultimately benefit not just the areas of south Essex but the rest of the county’s economy as well.”

“As will every Budget the devil is the in the detail and we will be interested to see what emerges from Government departments in the coming weeks” 

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