SLE statement on Autumn Budget 2021

Press Release

Commenting on the UK Autumn Budget announced by the Chancellor this afternoon, SLE Chief Executive, Sarah-Jane Laing said:

“There are a number of positive announcements in the Budget to help Scotland’s rural economy. 

“We welcome news that the Scottish Government will receive an increased budget by an average of £4.6bn per year and we hope that rural Scotland receives its fair share of this funding.  

“Given we are not through the covid pandemic yet, it is right that the retail, hospitality and leisure sectors continue to be supported as vital elements of our rural economies. We hope that the Scottish Government will continue to recognise these challenges when it announces its budget in December, at least matching the discount on business rates for eligible businesses.

“News of £1.9 billion for farmers and land managers in Scotland is to be welcomed but again we look forward to seeing the detail of what this will mean for rural businesses and the agriculture sector when the Scottish Government budget is announced.

“While we recognise the need to move to transition to cleaner forms of energy, we welcome that the previously planned rise in fuel duty has been cancelled. This is essential to rural workers travelling longer distances, particularly given that petrol prices are at an all-time high while the required networks for electric car charging points are developed in rural areas.”

You can find out more about the tax implications of the Autumn Budget and hear the latest from experts on current tax issues by attending our Virtual Annual Taxation Event on December 1. This event is open to members and non-members.