Summary
Surrey businesses have mixed reactions to the budget announced by Chancellor Rachel Reeves. The budget includes plans like scrapping the two-child benefit cap, freezing income tax thresholds, and taxing electric vehicles. Opinions vary across different sectors, with some seeing benefits and others expressing concerns over costs and regulations.
Key Facts
- The budget eliminates the two-child benefit cap.
- Income tax thresholds will remain the same until 2031.
- A tax on electric and hybrid vehicles will start in 2028.
- Small business representatives see benefits, but landlords are concerned about new taxes and regulations.
- A pub landlord expressed predictable concerns over rising costs.
- A property agent noted a decrease in business rates for small properties but challenges for landlords.
- Care providers worry about wage increases amid financial pressures.
- The budget is seen as having both positive and negative aspects for different business sectors.
