“Ahead of the Chancellor’s Autumn Statement, Simon Richards, Treasurer of beam and Managing Director of Convenus said; “Our industry has to hope that the Autumn Statement causes limited damage rather than expect any good news.
“The Chancellor’s downbeat comments in advance suggest that we should expect tax increases and spending cuts rather than support, even for industries like this struggling to recover from the effects of the pandemic, rising energy costs and talent shortages.
“The end of energy cost support has already been publicised. The best I think our members can hope for is that councils will not increase business rates when free to increase Council Tax, and that as small business owners, the expected higher tax on dividends will not add too much more on top of the higher Corporation Tax rate.
“We’re hoping for damage limitations.”
