“Estimates show the outlook is better than expected,” says FD’s UK correspondent Joost Dobber. ‘Initially a recession was assumed, but now it seems to have been avoided. However, it is still too early to say how the country will react to this situation.’
The new budget plan states, among other things, that more money will go to childcare to encourage young parents to work harder. “This should reduce the huge shortage on the job market,” says Dobber.
Corporate income tax for large companies will also be increased from 19 to 25%. But this has been announced before. In addition, Hunt unveiled a new tax rule, which allows companies making capital investments to receive a small tax break.
Furthermore, the energy support measures for families have been extended by three months until June. ‘The similar ‘ceiling’ that was set, just like in the Netherlands, is now being extended. That roof was badly needed, otherwise many families would have faced serious problems.