LISTEN It’s the day after the Budget, and chancellor Rishi Sunak has now set out his spending plans to tackle the gigantic economic costs arising from the Covid-19 pandemic.
Corporation tax hikes, more support measures for businesses and new levelling-up investments were among the key takeaways. But has the Budget addressed real estate’s needs, and will it foster investment? And what’s in store for the UK’s landlords, as the biggest tax burden since the 1960s looms on the horizon?
EG news editor Pui-Guan Man spoke to Melanie Leech, chief executive of the British Property Federation, and Walter Boettcher, UK chief economist at Colliers International, to hear their views on where more clarity is needed on the positives of the Budget, whether the role of real estate is being recognised in the levelling-up agenda, and what they feel were the missed opportunities this time round.
