2016 Budget Reaction from Banks BHG

Bernard Harrington, director at Swindon-based chartered accountants Banks BHG reacts to the 2016 Budget, and here is what he had to say...

“It was mostly good, as measures that had been forecast to be announced weren’t, and there were some surprises.”

He said the business rate reform was welcome and long overdue. Also, the further cut in corporation tax, to 17 per cent in 2020, was a helpful measure.

“The introduction of the lifetime ISA for under 40-year-olds, and the raising of the ISA limit to £20,000 a year, will bring some flexibility to the pensions system and are good news for savers.”

Freezing fuel duty was also a welcome measure for business and individuals alike.