Member Article

Hampshire Trust Bank respond to the Budget

Mark Sismey-Durrant, Chief Executive Officer at Hampshire Trust Bank, responds to today’s Budget: “This is a positive Budget for small businesses. A strong combination of reductions in corporation tax, a more generous business rate threshold and a continued freeze on fuel duty means that smaller firms are being given a much-needed financial lifeline. However, we are concerned that smaller businesses may now just sit with more money in their current accounts without investing this cash, due to concerns about a slowing economy. This means that both the Government and financial institutions need to do all they can to help businesses of all sizes to invest in their futures. The UK economy urgently needs companies to develop and grow, in order to drive consumer spending and get the economy moving again.”

This was posted in Bdaily's Members' News section by Hampshire Trust Bank .