Really worried by the kite flying from the new Chancellor.
The Tories are talking about doubling Enterprise taxes to 20% from 10% - what on earth difference will this make to the overall tax income but at the expense of putting off new fintech and other start-ups that we need.
In addition, there is talk of huge spending needs and taxes rises to compensate.
We really don't need tax rises in the UK. Thje inexorable rise in taxation needs to be challenged with some creative thinking. Cutting the 50% tax rate to 45% raised revenues for example. This should be carried further one.
Another kite being flown is a re-working of business rates, this is a better idea but not if it results in a move to Land Value taxes that end up costing everyone - relief is needed for thos under pressure not spreadin the burden more widely amongst the population.
Overall this year all the kites being flown are rubbish and designed to raise revenues rather than relieve tax burdens and drive business spirits. Save us from a Budget please Corona virus!