TheCityUK's CEO Says U.K. Budget Needs Predictability

The video discusses the challenges of predictability in the UK tax system, highlighting its complexity and impact on businesses. It examines the effects of tax changes, such as the insurance premium tax, on investment and business operations. The discussion then shifts to Brexit, emphasizing the need for economic stability and timely transition deals. The video concludes with insights into corporate decision-making processes in the face of regulatory and economic uncertainties.

What is one of the main issues with the UK's tax system as discussed in the video?

• It is too simple and straightforward.

• It offers too many incentives for companies.

• It has remained unchanged for decades.

• It is one of the most complex in the world.

How has the insurance premium tax changed since its introduction?

• It was abolished in 1994.

• It has remained constant at 2.5%.

• It has increased from 2.5% to 12%.

• It has decreased from 12% to 2.5%.

Why is a transitional period important for companies in the context of Brexit?

• It guarantees higher profits for companies.

• It provides clarity and predictability for future planning.

• It eliminates the need for regulatory compliance.

• It allows companies to avoid paying taxes.

What is the final 'gate' companies must pass through in their decision-making process?

• Hiring new staff

• Moving people and capital

• Securing office space

• Obtaining regulatory licenses

What factor influences a company's decision-making process regarding Brexit?

• The amount of taxes they pay

• The location of their headquarters

• The way they serve their customers

• The number of employees they have