'Super deduction' may not be the most effective use of a £25bn tax break

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Chancellor’s eye-catching policy could end up rewarding investment that would have happened anyway

Boris Johnson at a BT Openreach training centre. BT’s share price rose 7% after the tax break was announced.Boris Johnson at a BT Openreach training centre. BT’s share price rose 7% after the tax break was announced.Last modified on Wed 3 Mar 2021 19.56 GMTne can usually take a mental break when the budget speech turns to capital allowances. It’s the tinkering bit. This time was different.

 

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