By Mr Bankruptcy
23rd November 2021
Now that we’ve had time to let the dust settle on the Chancellor’s autumn budget and digested the vast amount of press coverage, have you taken time to reflect on how the changes will impact your future financial prospects? Below I’ve done my best to distil the most significant announcements for business.
Key announcements for business
With an aim of supporting retail, hospitality, and the leisure sectors, which experienced particularly challenge times during lockdown, changes to business rates were announced, including:
Wider changes affecting businesses include:
These changes will be phased in over the next couple of years, so they won’t present a quick solution for businesses struggling right now, but they do lay the path ahead so business can at least understand some of the costs they will face.
During challenging times, it can be difficult to take time out from running your business to reflect meaningfully on broader financial initiatives, but the budget is a good reminder that managing debt is also about cutting costs.
Understanding the impact of the budget on your business and which new financial initiatives can help build for the future plays an essential role in developing a strong financial basis for moving forward.
James Rosa Associates
James Rosa associates is a firm of debt advisors and debt adjustors. With a supportive and friendly approach, we offer a full range of advice and professional services to individuals and business owners/directors who face unmanageable debt or who are involved in civil or commercial disputes. Our services include:
We are authorised and regulated by the Financial Conduct Authority (FRN665061) to work with clients to produce bespoke solutions to fit their specific circumstances.
Find out if you qualify for a free consultation
If you want to deal with an unmanageable debt, or bring a dispute to a swift and cost-effective resolution, contact James Rosa Associates, ring 0845 6807217 or email email@example.com to find out whether you qualify for a free consultation.
Please be advised that all views expressed in these posts are those of the author and not of James Rosa Associates ltd.