Trollies, bins and even fire extinguishers have ended up in there
Listening to the Chancellor Jeremy Hunt’s Spring Budget you might have been left with the sense that it set out to address everything for everyone, everywhere, here and now.
When it came to the cost-of-living crisis all will no doubt have been pleased to hear that the energy price cap for households will remain in place for a further 3 months, with the start of the summer expected to see a reduction in real terms in the cost of energy. He did however, seek to harness the upside of Super Deduction, the tax relief which was due to come to an end this April, with the introduction of full capital expensing for the next three years, with the intention of making this permanent. Under this relief, IT, plant and machinery will be deductible in full from taxable profits.
With regard to the latter, a key area of focus was seeking to address the shortage of health care professionals who might have left the profession as they have reached the pension threshold and felt continuing was not financially attractive or beneficial.
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