North East Connected

Budget thoughts from Robson Laidler Accountants

Robson Laidler Accountants Tax Director Martin Wardle said:

“It was good to see Philip Hammond confirm that the Northern Powerhouse schemes will receive more money. In a welcome boost for Tyne and Wear we are also going to get new Metros.

Perhaps the thing I am most impressed with, subject to seeing the devil in the detail, is the emphasis on embracing the future. More money for computing, maths and research and development tax credits will stand us in good stead as we hopefully improve our productivity on the back of advances in technology. We are already seeing innovation dramatically improve the solutions we can offer clients through smart implementation of technology so have seen first hand effect it can have on business.

Finally a recent poll of our Facebook followers showed that deficit reduction was more important than tax cuts so they will be glad to hear that debt levels are predicted to peak in 2018 and fall following that.

In a sigh of relief for landlords the Chancellor has finally accepted that the only way to help relieve the housing crisis is to build more homes! SDLT breaks for first time buyers will help largely those further South than us and a review of why planning applications often go unbuilt will hopefully shed some light on why developers are not proceeding with their plans.”

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