54% of financial services firms want a 'cautionary' Budget

The Government cannot use austerity as the tool with which to address the deficit caused by the pandemic, the ACOI warned

Almost three quarters (74%) of respondents also indicated CGT rates should be reduced in the upcoming budget. Picture: Pexels

Over half (54%) of financial services firm would favour a “conservative and cautious” Budget this month, according to a survey from the Association of Compliance Officers of Ireland (ACOI).

The survey of almost 300 ACOI members, comprised primarily of compliance leaders employed in large financial organisations around the country, found a majority of firms would favour a conservative, cautious budget “with little change,” while 39% wanted an “expansionary” budget with tax cuts and lots of spending commitments.