Campaign groups make Budget proposals
10 Mar 2015
In the run up to the Chancellor’s Budget speech, business groups have submitted their proposals for what legislation they would like to see in the coming year.
The Coalition for a Digital Economy (Coadec), which campaigns for policies to support digital startups, has called for more incentives to encourage corporate venturing. They also wish to promote and develop the Government’s Enterprise Investment Scheme, and ensure the delivery of a computing curriculum.
The Confederation for British Industry (CBI) submitted a proposal to set the Annual Investment Allowance at £250,000 and make it permanent from 2016. They also submitted proposals to promote a market for privately placed debt, and enhancing the research & development tax credits to include manufacturing of prototypes.
CBI Director-General John Cridland said: ‘Although the economic recovery is well-rooting and bearing fruit, we still need a Budget that locks-in the successes from this Parliament and spends funds wisely on those areas which will keep growth on track’.
Meanwhile, the Local Government Association (LGA) has called on the Chancellor to ensure adequate funding for councils to provide public services, including a further £1 billion for roads maintenance per year. The submission also includes a call to further devolve decision making powers to a local level across the UK.