Survey Results
 
 
       

Survey BB-21 :
In the run up to the budget, this survey asked panellists for their views on various aspects of taxation and also the extent to which they plan to expand in terms of investment and employment.


Question NumberQuestion
Q1In order to reduce inflationary pressure in the economy, I would prefer to see an increase in income tax to further rises in interest rates"
Q2Over the next six months, is the number of employees in your firm likely to:
Q3A few % points reduction in corporation tax or an equivalent increase in the threshold would:
Q4A few % points reduction in capital gains tax or an equivalent increase in the threshold would
Q5Over the past six months, how have you revised your investment plans for the year 2000?
Q6How does your planned expenditure on IT over the next 2 years compare with actual expenditure during the past two years?
Q7What was the strongest influence upon your decision to borrow over the past six months?
Q8To what extent is your business constrained by skill shortages?
Q9To what extent is your business constrained by a lack of finance?
Q10To what extent is your business constrained by low market demand?
Q11Over the last 3 months, has your business:-
Q12Over the next 3 months, do you expect your business to:

(1) In order to reduce inflationary pressure in the economy, I would prefer to see an increase in income tax to further rises in interest rates"
ResponseTotal answers: 80
%
1 Strongly agree13.8%
223.8%
320%
421.3%
5 Strongly disagree21.3%

(2) Over the next six months, is the number of employees in your firm likely to:
ResponseTotal answers: 80
%
1 Increase significantly5%
2 Increase moderately37.5%
3 stay the same46.3%
4 fall moderately7.5%
5 fall significantly3.8%

(3) A few % points reduction in corporation tax or an equivalent increase in the threshold would:
ResponseTotal answers: 80
%
1 greatly assist the business18.8%
2 mildly assist the business37.5%
3 have no effect upon the business43.8%

(4) A few % points reduction in capital gains tax or an equivalent increase in the threshold would
ResponseTotal answers: 79
%
1 greatly assist the business7.6%
2 mildly assist the business24.1%
3 have no effect upon the business68.4%

(5) Over the past six months, how have you revised your investment plans for the year 2000?
ResponseTotal answers: 81
%
1 Decreased more than 10%17.3%
2 Decreased up to 10%7.4%
3 unchanged43.2%
4 Increased up to 10%13.6%
5 Increased more than 10%18.5%

(6) How does your planned expenditure on IT over the next 2 years compare with actual expenditure during the past two years?
ResponseTotal answers: 80
%
1 Decreased more than 10%16.3%
2 Decreased up to 10%12.5%
3 unchanged32.5%
4 Increased up to 10%18.8%
5 Increased more than 10%20%

(7) What was the strongest influence upon your decision to borrow over the past six months?
ResponseTotal answers: 78
%
1 Need to finance new investment in the UK15.4%
2 Need to finance new investment in international 1.3%
3 Financing the building up of stocks11.5%
4 Unexpected low profitability19.2%
5 No significant borrowing undertaken52.6%

(8) To what extent is your business constrained by skill shortages?
ResponseTotal answers: 80
%
1 Highly8.8%
227.5%
318.8%
428.8%
5 Not at all16.3%

(9) To what extent is your business constrained by a lack of finance?
ResponseTotal answers: 81
%
1 Highly17.3%
228.4%
311.1%
422.2%
5 Not at all21%

(10) To what extent is your business constrained by low market demand?
ResponseTotal answers: 81
%
1 Highly24.7%
217.3%
323.5%
418.5%
5 Not at all16%

(11) Over the last 3 months, has your business:-
ResponseTotal answers: 81
%
Expanded significantly (more than 10%)11.1%
Expanded somewhat (between 5% to 10%)25.9%
Remained static45.7%
Declined somewhat (between 5% to 10%)8.6%
Declined significantly (more than 10%)8.6%

(12) Over the next 3 months, do you expect your business to:
ResponseTotal answers: 81
%
Expand significantly (more than 10%)17.3%
Expand somewhat (between 5% to 10%)45.7%
Remain static21%
Decline somewhat (between 5% to 10%)8.6%
Decline significantly (more than 10%)7.4%