UK Telcos Impact from higher employers' taxation in upcoming Budget
Over the weekend, it has been widely reported that the upcoming Budget this Wednesday will include a 2pp rise for employer national insurance tax. In this brief note, we run through the financial implications of this for the UK telecoms companies (BT, VMO2, TalkTalk and Vodafone) and who is most exposed.
TalkTalk Telecom Group provides telecommunication services to retail and B2B customers. Co. provides customers a range of Fixed Low Price Plans, which comprised of: Fast Broadband, a broadband plan designed to cater for the needs of individual users or households that do not require increased download speeds available via a fibre connection; and Faster Fibre Broadband, a broadband plan designed for households with a number of devices that need to be connected to the internet at the same time. In the Direct channel, Co. provides a range of data connectivity solutions, from business broadband and fibre, through to Ethernet circuits and Wide Area Networks.
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