Uncertainty prompts slow super deduction uptake The Telegraph’s Tim Wallace looks at business investment and the impact of Chancellor Rishi Sunak's tax super deduction, an initiative designed to cut taxable profits by 130% of the cost of the investment. He says the policy “seems to have had little effect across the wider economy”, citing an Office for National Statistics report which says uptake rate of the scheme remains unclear but "early evidence suggests that super deduction claims are building up more slowly than expected". Tony Danker, director general of the Confederation of British Industry, says the Chancellor’s ambition to create a world-leading business tax environment needs more than a "one-hit wonder". “Changing four decades of falling business investment behaviour through one two-year specific tax incentive" is not going to work, he suggests, adding: "We need to do that 10-times over."