Budget Comment from Travelex Global Business Payments

23 March 2011

Fuel duty is a key focus area for businesses in today’s Budget, according to a Travelex Global Business Payments survey of more than 300 customers. Conducted over the telephone, the survey ran from 14 – 22 March. It found:

• Most businesses (36%) were interested in hearing about corporation tax. The second most important item on the list was VAT - 30% were interested in hearing about this

• More than a third (36%) thought the budget was going to be economically driven. Only 18% thought it would be politically motivated

• 58% thought that the budget would have no impact on the pound

• We received a lot of feedback on fuel duty:
“Reduce on tax because fuel prices are ridiculous!” Importer
“We are looking for a reduction in fuel charges as it affects all of us.” Exporter

• 45% thought that the budget would have a negative impact on their business

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development