More leading mobility companies have given a warm welcome to this week’s Budget.
Measures set out by Chancellor Rishi Sunak on Wednesday included business rates relief for
750,000 eligible businesses in the retail, hospitality and leisure sectors in England and a £7m ‘flexi-job’ apprenticeship programme that will enable apprentices to work with a number of employers in one sector.
While announcing a hike in corporation tax to 25% for businesses with profits of over £250,000 from April 2023, the Chancellor said businesses with profits of less than £50,000 would continue to pay the current rate of 19%.
Emily Griffiths, retail manager at Easy Living Mobility, welcomed the Chancellor’s business rates extension to March 2022 along with the extension of the furlough scheme.
The retail manager also gave a positive response to the Chancellor’s delay to the increase in corporation tax as well as the freeze in the rate for small businesses.
“COVID-19 has been terrible for individuals and companies across the UK and our sector was one of the hardest hit,” Emily told AMP.
“Now is the time for everyone to come together and get the economy moving again. We’re very pleased with the continued support the Chancellor has provided for our sector.”
Elaine Ferguson, Mobility Services Manager at Fortuna Mobility, said the Budget was “largely positive” while signalling her disappointment at the lack of mention of the NHS and social care.
“Both sectors are in urgent need of extra cash to cope with extra demand from the pandemic and deal with the waiting list backlog in hospitals and the community,” Elaine said.
Mike Williams, MD at Ableworld, also welcomed the Chancellor’s rates support noting the tough business environment.
He said Ableworld would bring its handful of furloughed people back over the next two weeks, therefore, it would be not be affected by the furlough extension to September.
The MD noted some “short-term issues” regarding supplies but expected to see extra tariffs being “radically reduced” or disappearing over the next month or so.
He added the situation was providing an “excellent opportunity” for some smaller suppliers to take business from those with high tariffs.
Mike concluded: “All in all a positive feel around our whole company and looking forward to a successful spring trading period.”