Spring Budget: electrical sector welcomes energy bills u-turn

ECA has broadly welcomed today’s Spring Budget, praising the extension of the energy support guarantee for another three months.
However, ECA has warned that the Chancellor’s corporation tax hike could harm electrotechnical businesses, especially SMEs, as they continue to face fiscal pressures from the energy crisis, the cost-of-living crisis, and inflation.
ECA Director of Legal and Business, Rob Driscoll says, “SMEs are a vital part of the construction sector, which itself is