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Chancellor has failed to Help Rural Businesses Say CLA The Chancellor has failed to take any action to stem the haemorrhage of cash flowing out of the countryside and has done nothing to provide rural businesses with a much needed transfusion according to the CLA, the rural economy experts.
Henry Aubrey-Fletcher, president of the CLA, said that the Chancellor had done nothing to help small unincorporated businesses which included the vast majority of rural businesses - and that for small, incorporated businesses the rate of corporation tax has actually increased from 19 to 21 per cent - and will rise to 22 per cent - at the same time as allowances had fallen.
The CLA say that the much vaunted cut in the headline rate of corporation tax from 30 to 28 per cent actually only applied to businesses whose profits exceeded £1.5m which excludes the vast majority of businesses based in the countryside.
The CLA President said that coupled with other problems, such as the loss of the agricultural buildings allowance, the Treasury was allowing money to flow out of the rural economy but putting little back.
"It seems that the promises to rural proof government policies have been long forgotten and the countryside has once again been left as the Cinderella at this particular ball," he said.
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Formerly an Inland Revenue Tax Inspector in Leicestershire. He was promoted to the Inland Revenue Policy Division at Somerset House, London, and was an Inspector Principal when he joined the CLA.
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