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METRO request: What is your one wish for the new Chancellor?

Journalist: Sarah Davidson, Freelance

ended 07. July 2022

Looking for all ideas from all areas of the economy for a feature to run in metro. 

If you had one wish for the next Chancellor, what would it be? 

No more than 100 words please. Include name, company, job title, location. Thoughts welcome from companies and individuals. Be as imaginative as you want.

Email sdavidsonwriting@outlook.com 

3 responses from the Newspage community

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Samuel Mather-HolgateVerified
Independent Financial Adviser at Mather and Murray Financial
Cut corporation tax and increase the individual personal allowance. Businesses have been squeezed with tax increased coming from all directions. This cut would allow them to invest more, increase wages and create more jobs. The cost of living is hitting individuals hard. An easy way to improve the situation is to leave more money in their pockets. A dramatic increase in the personal allowance to £17,500 would have an immediate major impact. This wouldn't effect the amount of tax taken too much as increasing wages have pushed many people into the higher rate threshold and this could be keep at the same limit.
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Philip DragoumisVerified
Director and Owner at Thera Wealth Management
Get serious about tax evasion, avoidance and closing down the various loopholes for U.K. based multinationals to avoid paying tax. If you are implementing the biggest tax grab in modern times , which hits primarily the pockets of small business and individuals you need to balance this out with going after those who don’t pay their fair share . It’s only fair after all .
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Marcus WrightVerified
Managing Director at Bolton Business Finance
If I had one wish for the next Chancellor, it would be a significant cut to fuel duty. Inflation is being driven by high fuel prices and is putting up the cost of everything. We need to attack one of the root causes and that is the price of fuel. Many of my clients with small businesses are saying they are putting prices up directly caused by the cost of petrol and diesel.