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Evening Standard
Evening Standard
Business
Holly Williams

More than half of firms freezing investment as Budget fears take toll – report

Over half of British businesses are putting investment plans on hold until after next week’s Budget while uncertainty over taxes and policy is hitting small firms the hardest, according to a report. (Alamy/PA) -

More than half of British businesses are putting investment plans on hold until after next week’s Budget while uncertainty over taxes and policy is hitting small firms the hardest, according to a report.

The latest Barclays Business Prosperity index survey found 55% of all firms polled are pausing investment decisions until after the Chancellor’s long-awaited Budget, with speculation swirling over whether taxes will or will not be increased.

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