Director's update: tax and regulation

It’s finally happened. While it may have felt like quite the build-up to the joint Autumn Budget and CSR, the event came and went in a somewhat muted way.

The tone and ambition from government was positive for businesses, but the Budget and CSR missed the opportunity to deliver bolder measures to stimulate high investment, productivity, and the transition to net zero.

And while the CBI achieved important wins regarding short-term measures for Business Rates, a reduction in the Banking Surcharge, a commitment to R&D spending and expansion of R&D tax credits among others, our eyes remain firmly fixed on the next fiscal event. And what the government must provide to deliver its ambitions for a high growth and high skilled UK economy – including further reform for business rates.

You can read more about the CBI’s reaction to the Budget in our summary documents on what was and wasn’t delivered across