More than half of Britain’s mid-sized businesses expect their tax bills to rise as a result of the change in the Labour leadership, and just 13 per cent believe the new regime will bring them down.
The findings come from the latest Mid-Market Tracker published by accountancy and business advisory firm BDO, a bi-monthly survey of 500 UK mid-sized businesses with revenues of between £10m and £500m.
Some 54 per cent of respondents said they expect business taxes to go up under the new leadership. Almost a third, 32 per cent, expect them to remain at current levels until the end of the Parliament, while 1 per cent were unsure.
The figures land at a delicate moment, with business leaders already demanding an end to “drift and delay” as the change at the top of government leaves firms bracing for yet another period of political uncertainty.
The survey follows the release of BDO’s Mid-Market Manifesto, which sets out a series of policy recommendations designed to drive growth across Britain’s mid-market business sector.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
