Business rates, VAT thresholds and investment in 5G mobile networks, full fibre broadband and artificial intelligence were among the  measures in today’s Budget.

It also included a pledge of £3bn to prepare for Brexit and growth figures for economic growth and productivity downgraded.

Our managing director Simon Reid said: “It was disappointing but not surprising to see productivity growth and business investment figures revised down.

“Measures in the Budget to encourage investment, training and new technology may go some way to address this, yet the only real solution remains with a clean Brexit from the EU and the freedom that offers our businesses free from the constraints of EU regulations and directives.

“The Chancellor promised to set aside £3bn to prepare for our departure although he must ensure that there is enough for a ‘no deal’ scenario in our future trading arrangements.

“He declared it a Budget to make Britain fit for the future but more hard work needs to be done over the coming months to make sure we are ready for Brexit, and on our own terms if need be.”