Nicko Williamson, Managing Director of Climatecars thoughts on The Budget

March 23, 2011 - PRLog -- Overall the budget seems positive, it seems Mr Osborne is signalling to the world that the UK is going to be a more competitive place to do business. The corporation tax cut is a good thing, as it encourages enterprise and most importantly profit!

I am pleased about the extra 40,000 apprenticeships, as I think more young people should consider learning a trade or a business and I would hope this will help.

I am not sure what is meant by no new regulation for businesses with less than 10 people, but anything that will make running small businesses easier, by cutting red tape, is positive in my opinion.

From the perspective of my business, Climatecars, the cuts in fuel duty by 1p and postponement of the 4p increase in April will help our drivers who are feeling the affects of the oil price rises.

My main disappointment with the budget is the 50% top rate of tax which I think the UK needs to stop as soon as possible. Understandably the deficit remains high and therefore this is a necessary short-term measure, however I would like to see it go as soon as possible being that it is deterrent to top talent who can choose which country they want to live and work in.

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