The Hub

Buying a Business - Latest News

Gareth Smyth looks ahead to the upcoming Spring Statement.

The cost of energy is going up so rapidly that many companies may not be able to cope, and will certainly benefit from additional support.

The upcoming Spring Statement

Gareth Smyth, Chief Executive Officer at Hilton Smythe Group, said: “The Chancellor must look at businesses as well as individuals when making his spring statement, because organisations of all sizes are being impacted by current events.”

“It would be hugely beneficial to companies if Rishi Sunak announced that he was scrapping, or at least postponing, the proposed National Insurance increase. The increase will almost certainly add to the cost-of-living crisis, and employers across the board will need to raise wages to counteract this.”

Gareth Smythe looks ahead to the upcoming Spring Statement

“Mr Sunak must also remember that the energy crisis is affecting businesses as well as homes, so it would be helpful to offer an energy price cap for businesses and even include businesses in the proposed rebate. The cost of energy is going up so rapidly that many companies may not be able to cope, and will certainly benefit from additional support.”

Thinking of selling a business, then book a FREE Business Valuation today!

Looking for your dream business?

You’ve come to the right place, start your search today!

Speak to the team

    Feefo Gold Trusted Service Award

    Find out the value of your business in under 60 seconds

    Use our Business Valuation Calculator to get an instant business valuation in just 3 easy steps.

    Start Valuation

    Less than 1 minute to complete

    Answer a few simple questions

    Get your FREE instant valuation

    Start Valuation

    Speak to the team

      Feefo Gold Trusted Service Award