Taxing Futures

Multiple sectors reported to be feeling the impact of BPR and APR changes

When assessing the sector-specific impacts of changes to BPR, survey results point to an economy-wide impact with notable declines in investment across nearly all sectors. However, agriculture and horticulture is expected to see the greatest loss in turnover, with an average reduction of 11% . This is followed by the real estate activities,accommodation and food service activities, and construction sectors , each also projecting turnover declines of around 9% . Employment levels show similar trends. Construction, manufacturing and accommodation and food service activities are expected to experience the most significant reductions in workforce with each forecasting average declines of approximately 11%. The effects of changes to APR follow a similar pattern with the agriculture and horticulture sector projected to see the steepest drop in investment, averaging a 17% decline. This sector is also expected to experience the most substantial reduction in turnover at 12%. In terms of employment, the accommodation and food service activities sector anticipates the highest decrease, with a projected reduction of 12%.

Figure 7: Sectoral breakdown of BPR effects on investment, turnover and employment

Investment

Turnover

Employees

0%

-2%

-4%

-6%

-10% -8%

-12%

-14%

-16%

-18%

Accommodation and Food Service Activities

Agriculture & Horticulture

Construction Manufacturing Other Service Activities

Real Estate Activities

Wholesale & Retail Trade; Repair of Motor Vehicles and Motorcycles

Source: CBI Economics Survey (2025)

16

Made with FlippingBook - professional solution for displaying marketing and sales documents online