Wales Member Discussion

What’s that coming over the fiscal hill… could it be another Budget?  

Hot on the heels of the joint 2021 Autumn Budget and Comprehensive Spending Review that focused predominately on public spending, the CBI is preparing for a possible 2022 Spring Budget.  To capture the latest member views on how the Chancellor can seize the moment we’ll be using this Member Discussion to discuss all things Budget 2021 and 2022.

Join other senior executives to discuss and shape the CBI narrative ahead of the next fiscal event and exchange thoughts and ideas in a Chatham House setting chaired by Ian Price, Director of Wales, CBI.   

With the tax burden for business set to rise in 2022, and again in 2023, at the same time as the government’s flagship investment policy – the super deduction – is set to end, we’re keen to ensure that the UK’s tax regime is a system that rewards investment. Whether that be in people, decarbonisation, infrastructure, or R&D.  

And as supply chain challenges continue to bite and many firms remain in recovery from the pandemic, we want to use this first opportunity in the new year to hear from you on the actions needed to secure the recovery and boost growth. 

We’ll be asking for your thoughts on: 

• Autumn Budget 2021: What did it deliver for your firm and/or sector and what was missing? 
• Top 3 policies: What are the top three policies that you would like to see announced at the next Budget? 
• Business investment intentions: What are your businesses’ investment plans and were these influenced by the Budget – either positively or negatively? 
• Incentivising investment: With the super-deduction ending in 2023, and business investment still below pre-pandemic levels, the CBI has been calling for the introduction of full expensing for capital expenditure beyond 2023, and a green super-deduction at 120% for green investment. How would these measures, or others, support your business to invest?
• Supporting the transition to net zero: CBI members have fed back to us that they feel the 2021 Autumn Budget and Spending Review was light on decarbonisation announcements – whether that was on tax changes to incentivise and support green investments and behaviours, or government commitments on investment. In light of this, what would you like to see the Chancellor deliver at the next Budget to support your firm or sector to decarbonise? 

To see the CBI’s Autumn 2021 Budget and CSR submission, please click here and for analysis on what was and wasn’t delivered in Autumn 2021, head to the CBI’s Budget Hub. 

This Webex meeting is for CBI members only.   

You’ll particularly benefit from this event if you are Board or Executive Level.  

Book your place today:   
Webex dial-in details will be sent in the joining instructions a few days before the event once your place has been confirmed.