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Scaling the impact of innovation in the United Kingdom - CST letter to the Secretary of State (accessible webpage version) gov.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.uk Daily Mail and Mail on Sunday newspapers.
This Budget puts green growth centre stage Measures such as the super deduction will help businesses even as we look to restore the public finances 4 March 2021 • 10:00am Coronavirus has impacted our economy and our society acutely: the economy has shrunk by a record 10pc, unemployment has sadly spiked and borrowing is at the highest it has ever been outside wartime. The support this Government has put in place to protect jobs and livelihoods throughout this difficult period has been exceptional – the challenge is now to implement pro-growth, pro-innovation policies to support the economy in the short term and fix the public finances in the medium-term. ....
READ MORE This will “ensure the UK capital allowances regime is amongst the world’s most competitive” according to Gov.UK. Explaining what the scheme means, Portia Pierrel, Director of PwC, said: “The ‘super deduction’ represents a new increased temporary tax relief for companies who invest in certain qualifying capital assets from April 1 2021, and is anticipated to stimulate £25bn in business investment in the UK. It is expected to benefit capital intensive businesses, such as manufacturers and utilities companies in particular. “This measure will allow a temporary first-year allowance; including a super-deduction of 130 percent on most new plant and machinery investments which would have ordinarily qualified for 18 percent relief, and a first year allowance of 50 percent on most new plant and machinery investments which would have ordinarily qualified for 6 percent relief. ....
Budget 2021: UK tech sector ‘delighted’ with spending plans For UK tech firms there was plenty to be happy about in this year s Budget The UK’s thriving tech sector has hailed Rishi Sunak’s spending plans in the Budget today, saying the chancellor was “backing tech in a big way”. Announcing the Budget this afternoon, Sunak unveiled a raft of new measures aimed at boosting both startups and established tech firms. “This government should be applauded for committing heavily to digital innovation as a route to the economic recovery and supporting jobs,” said Russ Shaw, founder of Tech London Advocates & Global Tech Advocates. ....
Budget Speech 2021 - GOV.UK gov.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.uk Daily Mail and Mail on Sunday newspapers.