- 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.