Join our community of smart investors

Should BT shares be super-charged by the super-deduction?

New tax policy could help BT’s hefty network upgrade costs
March 9, 2021
  • New rules announced in the Spring Budget could help alleviate costs of network upgrades 
  • Criteria still remains unclear 

BT (BT.A) was one of the biggest movers in the FTSE 100 on Budget Day last week, gaining as much as 7 per cent in the hours after chancellor Rishi Sunak’s speech in the House of Commons. That is a mammoth move for the telecoms giant, whose market value has lagged while it grapples with expensive network upgrades. But the government’s new ‘super-deduction’ tax could offer some much-needed relief. 

This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in