Spring Budget 2022: Key points for businesses at a glance
Summary
The Chancellor has made a range of green technology used to decarbonise buildings, such as solar panels and batteries, exempt from business rates from April 2022. Neil Murphy, Global Channel Chief at ABBYY shares his thoughts: “The rise in cost of living has shone a spotlight on the need to support employees inside the workplace, as they face increasing stress outside the office. Too much flexibility can cut into the recovering apprenticeship numbers and, in turn, affect the progress being made to close the skills gap and address the productivity crisis which would be detrimental to the UK economy,” said Hansford. Businesses must attract and retain employees in more creative ways, for example, tailoring benefits so they provide localised services to people at home rather than in a centralised workplace,” said Malik. “Nevertheless, the plans to cut tax rates on business investment, and expanding the generosity of the existing reliefs to include data, cloud computing, and pure maths, is welcome news.