Source link : https://europ.info/2025/11/28/cima-highlights-lack-of-cost-relief-for-businesses-in-uk-budget-theaccountant-online-com/
The Chartered Institute of Management Accountants (CIMA) has expressed concern over the UK government’s latest budget, highlighting a glaring absence of cost relief measures for businesses. As rising operational expenses continue to squeeze companies nationwide, CIMA warns that the budget fails to provide the necessary support to alleviate financial pressures. This development has sparked debate about the government’s approach to sustaining business growth amid an increasingly challenging economic landscape.
CIMA Warns UK Budget Fails to Address Escalating Business Costs
The latest UK budget announcement has been met with criticism from CIMA, highlighting a glaring omission in addressing the ballooning costs faced by British businesses. Despite ongoing inflationary pressures and rising operational expenses, the budget has failed to introduce meaningful financial relief measures. Industry leaders warned this oversight could exacerbate cash flow challenges, placing greater strain on small- and medium-sized enterprises that are already navigating volatile market conditions.
Key concerns raised by CIMA include:
- Absence of targeted tax breaks or subsidies to ease cost burdens
- Lack of support for energy price surges impacting manufacturing and services
- Missed opportunity to enhance investment incentives for business growth
| Business Cost Factors | Budget Response |
|---|---|
| Energy Prices | None |
| Tax Incentives | Minimal Adjustments |
| Inflation Adjustment | Not… |
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Author : EURO-NEWS
Publish date : 2025-11-28 16:41:00
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