It's a very special impromptu episode this time, in which Gavin and his special guests, Chris Haley and Mark Burch, discuss the 2021 budget announcement from Rishi Sunak, and what it could potentially mean for those in business.
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KEY TAKEAWAYS
- There are 1.3 million people now about to be taken into being higher tax payers. This may not have seemed like a tax rise, but many more people will be paying more tax.
- The rumour was that capital gains tax rates were going to be aligned with income tax rates, which would have been a huge problem for property investors. This has yet to happen, but could take place.
- All the companies who have benefitted from saving on payroll through the furlough scheme, may believe that the higher rate of corporation tax is not a bad thing.
- The higher rate of corporation tax does not necessarily make the UK a negative place in which to invest. 25% even at the highest rate, still makes it one of the lowest in the G7.
BEST MOMENTS
'He's banking on a V-shaped recovery'
'You're dragging more people into the tax bracket'
'Innovation has come as a matter of course - that will be the secret of getting us out of this'
'The chancellor has been between a rock and a hard place'
VALUABLE RESOURCES
The Business Mastermind Podcast
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Get your copy of Survive And Thrive NOW at https://www.surviveandthrive.cc
Keep Your Boat Afloat - https://www.survivetothrive.biz/keep-afloat
Praemia Consulting - www.praemiaconsulting.com
Mark Burch LinkedIn - https://www.linkedin.com/in/mark-burch-26942a25/?originalSubdomain=uk
Budget at Gov.uk - https://www.gov.uk/government/publications/budget-2021-documents
ABOUT THE HOST
Gavin Preston
Gavin is an inspirational Speaker, Business Strategist, Business Growth Mentor, Trainer and
high-performance Coach. He works with Business Owners and Entrepreneurs and has a strong track record in creating creative strategies to accelerate the growth of their business. He has helped hundreds of SME business owners and leaders improve their performance and that of their business and a comparable number of executives and employees in blue-chip corporates over the last 20 years.
Gavin's energetic, insightful and yet down to earth and practical talks, workshops and coaching is in demand with high growth business between £250,000 and £30 million revenue and with multi-national organisations at all levels from Board to frontline
Managers. He is an expert in Business Growth Strategies, Peak Performance
Mindset, Persuasion & Engagement, Marketing, Productivity, Leadership
Development, Team Development & Motivation, Leading Change, Stakeholder
Management, Personal Effectiveness and Behavioural Change.
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