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Emergency Budget 2022: What Businesses Want To See

16th September 2022

We once again asked businesses; ‘If you were Chancellor, what would you make a priority in an Emergency Budget?’. Thank you to everyone who participated in this year’s poll. The results highlight the need for immediate government action to tackle the cost-of-living crisis, with businesses otherwise not able to prioritise investment.

Our poll results show:

• 48% think that putting a cap on business energy prices is more important than tax reductions
• 47% are glad to see urgent action to control household energy costs for their employees
• But only 14% say that reversing the NIC increase would have the biggest impact on managing staff costs
• Respondents were split between abolishing the planned corporation tax increase (29%) or extending the capital allowances super deduction (28%) to tempt businesses to invest
• But 22% of businesses say “no tax break would be enough to make us invest right no”
• 39% want to see a 5 year plan for business taxes so they are able to plan in advance
• 56% think that HMRC have still not got the employment status roles right

Our predictions article analyses the tax proposals expected to feature in next week’s announcements.

Click here to read full analysis