UK Growth Plan mini Budget September 2022 Positives for Businesses (updated)

Corporation tax rate to remain at 19% . This is a reversal of the increase to 25% from 6th April 2023. A reward to businesses which create jobs and goods and services. This is now reversed by the new Chancellor. We weep corporation tax to remain 25%

Shareholders who get paid dividend have the rate at basic band reduced from 8.75% back to 7.5%. A great incentive to entrepreneurs who own and manage their own business using Limited company structure.This is reversed. We cry 8.75% Dividend tax.

Infrastructuredevelopments of Freetrade zone and Investment zones, with various time limited tax incentives.

Photo by Max Vakhtbovych on

#unitedkingdom #birmingham #growthplan2022 #sme #business #commercialfinance

Limits increased for employee Company share ownership schemes and Seed Enterprise investment scheme.

Annual Investment Allowance in plant and machinery between £200,000 to £ 1,000,000 made permanent. 100% tax Allowance

Photo by Daniel Dan on

Migration rules changes to attract skilled staff to fill shortage in certain roles.

Photo by Andrea Piacquadio on

100 new Oil and gas licenses to be issued to ensure supply of oil and gas in the UK 🇬🇧. Oil and gas franking might be controversial environmentallly, however if UK Oil and Gas supplies can be secured, even if these will be sold at global market prices in the UK 🇬🇧, these profits will be retained in the UK 🇬🇧, the balance of payments strain to pay foreign countries for oil and gas will be eliminated or reduced, strengthing the GBP and the dependence on foreign countries for our supply of Oil and gas will be eliminated.

Learn more about Investment Zones and Freeports in the UK. Click the link

What are Freeports?

Freeports operate as secure customs zones, usually located at ports or airports, where business can be carried out inside a country’s land border, but where different customs rules apply. 

Countries around the world had adapted this basic model by adding different elements to create their own bespoke Freeports based on the Special Economic Zone (SEZ) concept. Each combines a mixture of customs flexibilities, to provide relief from duties, import taxes and administrative burdens; tax measures to incentivise private investment; regulatory flexibilities; and investment in infrastructure, all concentrated in the geographical area around the Freeport.

The UK Government has opted for a bespoke Freeport model which aims to achieve three objectives:

  • To establish Freeports as national hubs for global trade and investment across the UK
  • To promote regeneration and job creation
  • To create hotbeds for innovation
  • The successful Freeport bids in England are East Midlands Airport, Felixstowe & Harwich, Humber, Liverpool City Region, Plymouth & South Devon, Solent, Thames and Teesside.


The free ports and investment Zones, regulations and tax incentives which will come with them. We look forward to the tax measures (time limited) for companies . It has been prefential free trade areas or zones which have made cities/states like Dubai (UAE), Singapore 🇸🇬 and Mauritius 🇲🇺 trading giants. The United Kingdom has historically grown to be a global power due to trade, which it needed to protect using its Navy, which enabled it to become a great Global power.

The UK under the leadership of His Majesty King Charles III is likely to develop and strengthen relationships of trade and finance amoung Commonwealth countries. The ties of the British Crown with the Commonwealth was emphasised during the the Funeral of her Majesty Queen Elizabeth II. The free trade agreements with Commonwealth countries should be aggregated into a Commonwealth wide Free Trade Common market.

Why the UK is a great Investment destination

The Sterling pound is currently weak against the US Dollar and other global currencies. So invest in the UK now.

● Once the francked oil and gas sites are operational once again (previously banned) and the 100 new Oil and gas licensees start producing, the balance of payments dynamics will change and the profits of the Oil and gas companies will remain in the UK. This will significantly strengthen the Sterling Pound. ● The UK financial services sector will be deregulated from EU financial services constraints, making London once again the most competitive Global financial centre. ● The UK has one of the most favorable tax rates of the developed world 19% . And Dividend to foreign resident individuals and companies are tax free. ●The Freeports and Investment zones are going to increase the value of goods and services produced or traded in the UK. Hence, the GDP will increase significantly. ● The post brexit freetrade agreements signed with Commonwealth countries like 🇰🇪 Kenya and other East African community countries, will increase intra-commonwealth trade.

My sincere hope would be that the entire Commonwealth becomes a free trade area or common market.

These are great opposrtunities for the business community in the UK. I believe we as humans need positive reinforcement to change behaviour. We need more businesses to enable more of our people have jobs. These measures will create a positive virtuous circle 🔵 leading to Growth of the UK economy. The GBP will become more competitive as our balance of payments position will improve. I have a feeling 😕 we will have a more productive and prosperous United Kingdom. I pray for a golden era under the Golden Lady Liz Truss.

Contact us for funding needs to support your business


Published by Mohamed Ebrahim, MBA, CeMap, MLIBF, MCSI

Mohamed Ebrahim Mohamed is an author of books related to Islamic Finance, Financial Reporting, Accountancy, and related topics. Mohamed, is currently based in Birmingham, West Midlands, England, United Kingdom and is a Co-founder, CEO and Director of a Start-up Everest Fin Edu Tech Limited. He utilises his training and experience of over 25 years to find funding solutions for individuals, businesses and property buyers, investors and developers especially for the SME'S. Mohamed, is a Senior Partner with Ace Associates LLP - Certified Public Accountants & CEO of Ace Financial Advisory Limited, he is a CPA Kenya and holds an MBA from The University of Manchester (UK) and B.A (Hons) from Manchester Metropolitan University, He has worked for over 25 years with firms in Kenya -Ernst & Young – Assurance Advisory Business Service & Tax Service lines, PKF Kenya Audit Senior, and Devani –Devani & Co. United Arab Emirates -Group Financial Controller - Credo Investments FZE. Canada – Mc Tavish & Co. CPA’s. A member Institute of Directors (Kenya) and Non-Executive Directors Association (UK). He served on the ICPAK Coast Branch, Executive Council as Secretary and CPD Convener (2013-15) and from May 2016 to May 2018. Vice-Chair May 2018 to June 2020. He was commended by ICPAK in June 2015 for his services to the Accounting profession by ICPAK. Furthermore, Mohamed Ebrahim was awarded a Fellowship of the Institute of Certified Public Accountants of Kenya on.11th December 2020. Educational & Professional details. Mohamed speaks English, Gujerati, Hindi, Urdu, Swahili. Born in an Indian immigrant family from Gujerat India, settled on the Swahili Coast of East Africa for four (4) generations, Bachelor of Arts (Hons) – Sustainable Performance Management Manchester Metropolitan University Master of Business Administration The University of Manchester – Manchester Business School Certified Islamic Finance Executive (CIFE) Advanced. Certified Islamic Finance Executive in Islamic Accounting Ethica Institute of Islamic Finance, Dubai, UAE. ACMA, CGMA, Member, Chartered Institute of Management Accountants and Association of International Certified Professional Accountants, registered as a CIMA Member in Practice. CPA, Practicing member Institute of Certified Public Accountants of Kenya FCFIP, Fellow Member -International Institute of Certified Forensic Investigation Professionals FCT, Fellow Member, Fellow Chartered Treasurer FFA – Fellow of the Institute of Financial Accountants MCIArb - Chartered Institute of Arbitrators, Full Member. MCSI: Member, Chartered Institute of Securities & Investments Institute of Internal Auditors - Member Currently, a Doctoral Student at the Edinburgh Business School, completed the Coursework stage, working on the doctoral thesis Interim Award - Post Graduate Certificate in Business Research methods Short Courses and MOOC’s • The World Bank Group's MOOC on Financing for Development. • Financial Markets an online non-credit course authorized by Yale University, facilitator being Professor Robert Shiller – 2013 recipient of Nobel Prize in Economic sciences • Principles of Valuation: Time Value of Money authorized by University of Michigan • Islamic Financial & Capital Markets -101 - & Structure and Trading of Sukuk102 – by Islamic Research and Training Institute • Islamic Finance & Banking 101 & 102 – Islamic Modes of Finance - by Islamic Research and Training Institute • University Teaching MOOC on Coursera by Hong Kong University. • Oxford Brookes University Business School – Online mentoring Course • ICPAK - Training of Trainers PRESENTATIONS AND PUBLICATIONS Professional Conference paper IICFIP 2014 Global Conference “Creating a Business Culture based on ethics” MBA Dissertation Risk Management in Islamic Financial Institutions Publications in Professional Journals The Accountant – Journal of the Institute of Certified Public Accountants of Kenya • Tax Reforms 1 – Time for a Flat Tax system in Kenya – February- March 2012 issue • Tax Reforms 2 – Specific Tax Simplification Reforms – April –May 2012 Issue • Risk Management in Islamic Financial Institutions – December-January 2013 issue Africa Islamic Finance Report (Volume 1 no, 2)- April- June 2016 • A case for Islamic Sharia Compliant Real Estate Investment Trust (Islamic REITS) in Kenya Others Islamic Home Financing

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: