Thanks George, but now would be good

  • On the face of it, this was a better Budget for the small business owner than we expected, but on the downside, we have to wait for the benefits.

    The most notable and welcome measure is the new Employment Allowance, which answers my call for a specific break to reduce the cost of employing people.  We need to see the detail, but if it works as advertised, it looks very encouraging.  But why oh why is it not implemented with immediate effect? Businesses need support now and people, particularly young people, need jobs now, not in a year's time.

    Other good news is on the employees' side. The increase of the personal allowance to £10k will keep more money in our team's pockets and share the burden of keeping take home pay in line with inflation.  Tax free child care will help working Mums to return to work. As an employer of talented mums and mums-to-be that we want to keep, any help is appreciated.

    The axing of the fuel duty allowance is as welcome for businesses as it is for consumers.  Let's see how much of it is reflected in the price at the pumps before we get too excited. 

    The cut in the main Corporation Tax rate doesn't help us.  In fact, the rates have now been harmonised so the preferential small profits rate will no longer exist - is this right or fair? I'm not sure.  Maybe hoping the small profit rate would be cut as well as NI was too much to expect in one budget!  Seriously though, the Chancellor shouldn't lose sight of the significant strain on cashflow that Corporation Tax can cause the average small business at a time when year-on-year growth in turnover and profits is far from guaranteed.

    So, in summary, more than I expected and the intention of the Budget seem right - we just need the help now!

Related articles

  • Read More

    SharpSpring launches visual workflow builder to enhance lead generation and sales

    SharpSpring recently announced the launch of their Visual Workflow builder. The new feature intends to make the process for creating workflows easier and brings it in line with the likes of Pardot...

  • Read More

    Why can’t we make faster business decisions?

    Malcolm Gladwell, in his book Blink, argues that the lengthy procrastination that often takes place in decision-making is ‘post self-justification’, because we actually make up our minds pretty...

  • Read More

    Marketing activity so bad it’s quite literally criminal

    A news article came out through the Bangkok Post (we found it through The Verge) last week about the arrest of three Chinese nationals. The trio had been paid over £10,000 a month to run a...

  • Read More

    Jason Dilworth joins The Marketing Eye to develop technical capability

    Financial services marketing agency, The Marketing Eye, has appointed Jason Dilworth to the new role of Technical Director in a move designed to expand and develop the company’s data-driven...

  • Read More

    A third of B2B marketers are tracking sales through social

    For an industry whose origins and continuing existence rely heavily on the accurate analysis of statistics, the insurance sector would do well to note the seismic shift taking place in modern...

  • Read More

    Repeat, Repeat, Repeat – 4 reasons to keep contacting the same prospect list

    Asking someone to buy your product or sign up to your service after only one mail-shot or email is unrealistic. We can’t expect that one email, no matter how carefully crafted, will be enough to...

  • Read More

    Promoting video content on social media

    So, your business has splashed out on a big, beautiful high quality piece of video content, you are going to want to stretch it as far as it will go, right? Then don’t do what everyone else does...

  • Read More

    Four Facebook ad campaigns you should be running to attract and retain investors

    With around one-fifth of the world’s population on Facebook, you would think generating brand awareness and leads from it would be a piece of cake. The reality is less straight forward. With a...

  • Read More

    6 quick wins when you first sign up to marketing automation

    Marketing automation systems are powerful, intelligent and the bedrock of many businesses' marketing strategies, but getting to learn and understand them takes time and dedication. Not becoming...

  • Read More

    7 characteristics of social media implementation in B2B marketing

    If you look for evidence of the potential benefits to B2B organisations of social media, you will see both lead generation, as well as brand reinforcement are being addressed to great advantage....

Take the first step

To find out more about how we can help you grow faster, please get in touch. We'd like to hear from you.  Or try our instant marketing healthcheck, it's free!

Quick Contact

Quick contact


Contact us

T 01825 765617


Our offices

Full details of our offices in London and Uckfield more

Request a call