TaperedPlus Ltd

Aman Chahal, CEO of Stockton-on-Tees headquartered TaperedPlus, a national leader in the design and supply of flat roofing and insulation systems, said: “I’d like to see Metro Mayors, such as Ben Houchen here in the Tees Valley, handed greater fiscal devolution. This will enable them to create greater financial incentives to attract and stimulate businesses within their areas. We also need to see greater progress made on the proposed investment zones, which along with Freeports, have huge potential to drive the levelling up agenda.

“Despite its success, capital allowance super deduction is destined to disappear on March 31, largely due to the huge burden on the government’s coffers. However, financial incentives are still required to give businesses the confidence to invest in plant and machinery, so I’d like to see an announcement on a more durable replacement tax relief scheme. Although realistically this is likely to be less generous.

“I also believe the planned rise in corporation tax will have a negative impact on the economy, so I’d like the chancellor to set out his long term strategy to achieve his vision of establishing a competitive tax regime.”