Full capital expensing: positive overall but introduces ‘economic discrimination’ for struggling businesses

Introducing ‘full capital expensing’ in the Spring Budget brings excellent financial benefits to profitable firms. However, it also introduces economic discrimination for struggling businesses, claims an industry expert analysing the latest announcement.

Dr James Crosby, Head of Sustainability at energy sustainability consultancy Advantage Utilities, is concerned that the new policy - initially in place for the next three years - will mean that only businesses with a profitable income can achieve cost deductions.