CBI unveils Budget wishlist with call for tax reforms

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CBI unveils Budget wishlist with call for tax reforms

Simon Quicke

With the Budget looking on the horizon business groups have started to make their wishes known to the Chancellor as they look to try and get measures included that will support SME growth.

The CBI has outlined its wish list including a call for £500m to be spent on infrastructure projects to get the economy moving again and changes to tax to make life easier for smaller firms.

"We're calling on the Government to make some targeted changes to the UK tax system, which could make an impact on business decisions and create new opportunities for growth," said John Cridland, CBI director-general.

"Delivering private sector investment in infrastructure, supporting mid-sized businesses, hammering out the details on credit easing, extending the Youth Contract to 16 and 17-year-olds, and introducing the new build indemnity scheme for mortgages at the earliest opportunity will all provide a real boost for UK growth and jobs," he added.

"We also want to maximise the incentive for businesses to invest in Britain. So we're calling on the Government to make some targeted changes to the UK tax system, which could make an impact on business decisions and create new opportunities for growth," Cridland said.

The Budget is coming on the back of figures released yesterday indicating that the government plans to reduce the deficit had led to a surplus in borrowing of £7.75bn in January.

This is being seen by some as a chance for a £10bn windfall to be used to encourage growth and other business groups are expected to offer their advice about how this can be spent in the next few weeks.


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