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Budget

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22 11, 2017

More hard work needed after Budget

November 22nd, 2017|Categories: News|Tags: , , , , , |

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.”

17 11, 2017

Chancellor urged to be positive in Budget

November 17th, 2017|Categories: News|Tags: , , , , , , , , , |

Our managing director Simon Boyd has urged Chancellor Philip Hammond to take a positive approach to businesses and Brexit in his Budget next week.

The Chancellor will reveal his plans for the year ahead next Wednesday, November 22, before the House of Commons.

Simon said: “The Chancellor is drinking in the last chance saloon. This is the final full Budget before Brexit and comes as negotiations with the EU reach crunch point.

‘Spreadsheet Phil’ must get his numbers right to ensure that we have an economy fit for Brexit whatever the outcome, and that includes setting aside more funding for a ‘no deal’ scenario.

“It means greater support for businesses, including measures to boost investment and productivity, so they are ready to fully grasp the great opportunities on offer once we are out of the EU.

“One of the simplest yet most effective things the Chancellor could do at the despatch box is strike a positive tone to reflect our optimism in a post-Brexit Britain and show negotiators in Brussels that we are embracing the future with confidence with […]