Autumn Statement: “Corporation Tax and housebuilding policies to have biggest market impact”

by | Nov 23, 2016

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Jordan Hiscott

Jordan Hiscott, Chief Trader at ayondo markets says: 

“The importance of this year’s Autumn Statement cannot be underestimated, being the first since Britain voted to leave the EU.  While recent data may have shown little negligible effect from this tectonic change, the Government now needs to reassure UK business leaders of its strategy.

“In support of big business, it’s looking likely that the Chancellor will aim to reduce corporation tax to below 15% by 2020, which will make it the lowest of all G20 nations. Secondly, and a subject always close to the British public’s heart, will be home ownership. This will be a major focus, and will likely centre around cheap loans, giving housebuilders access to an overall fund to boost construction. This is technically already in place, but could be increased to £5billion worth of funding.”

 

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