Two years ago they removed the tax relief available for building factories, roads, railways, airports – that is, industrial building allowances
Was this tax relief reinstated? No. So there we have it, a budget supposed to be focused at investment in economic growth with no financial incentives available to the private sector to invest in big ticket infrastructure, manufacturing and hotel projects. The truth is this was a Budget focused on re-election.
Patrick Harper
Postscript
What do you think?
If you have views on anything published in Building, write to: The editor, Building, 3rd floor, Ludgate House, 245 Blackfriars Road, London SE1 9UY. Fax: 020-7560 4004. Email: building@ubm.com. We may edit letters.
No comments yet