Market Analyst at Hantec Markets Richard Perry spoke to Proactive Investors on the eve of Chancellor Philip Hammond’s first Autumn Statement.
On the subject of corporation tax, Perry says: ”It looks already as though Hammond has dismissed 15% as George Osborne had suggested. I think it’s more likely to be he’ll be dragging it lower to 17% by the end of this Parliament. That’s still a fairly sizeable cut – we’re already running one of the lowest corporation taxes in the OECD”.
On what businesses will be looking out for he added: ”Companies like spending plans to go higher, they like infrastructure spending to start generating more confidence in the economy”.
Perry went on to say there’s also a possibility they may cut stamp duty on houses to help regenerate the housing market which seems to be slowing a little bit.
Story by ProactiveInvestors