Barclays Chief Economist to give industry outlook after tax-cutting budget
Posted on 29/09/2022
Barclays Chief Economist will give his outlook for the glazing industry following the recent tax-cutting budget.
William Hobbs will be giving a fascinating keynote speech at this year’s Glazing Summit, which takes place on Tuesday, October 18 at Edgbaston Stadium.
Chancellor of the Exchequer Kwasi Kwarteng revealed that the basic rate of income tax has been cut to 19% in April 2023, one year earlier than planned.
The expected corporation tax rise has also been cancelled, keeping it at 19% as the government sets its sights on a 2.5% trend rate of growth, while Stamp Duty cuts will help people on all levels of the property market and lift 200,000 homebuyers every year out of paying the tax altogether.
Andrew Scott, Glazing Summit Founder, commented: “With the Chancellor unveiling a new growth plan to bring down inflation, it’s perfect timing to have Will on stage to share his views on the economic outlook and what the road ahead may look like for UK business.”
“The tax cuts announced on the 23rdSeptember, the biggest package in three decades, is a clear signal that growth is the priority and Glazing Summit attendees will find out what it means for the glazing industry from Will. It’s not to be missed.”
The Glazing Summit one-day conference features a day of debate, discussion and insight on the most significant issues facing the industry, with 20-plus expert speakers and a host of dynamic keynotes.
With the event set to again attract more than 400 industry leaders and business owners from across the glass and glazing sector, tickets are selling fast.