Ahead
of the Chancellor’s Spring Statement, Simon Richards, finance director of beam, a trade association for the business
events, accommodation, and meetings Industry has called for tax cuts and
a reduction in business rates.
“It
is vital for the short- and longer-term future of our industry that our members
invest in their businesses and people, but many cannot afford to take the risk,”
said Richards.
“After
the pandemic, many small businesses are still paying Bounce Back Loan
repayments. These are not tax deductible and are one of the reasons why
our members are struggling to find money to spend on their people and
properties.
“Tax
cuts and a reduction in business rates would help them to do so,” Richards
added.
