RE: Min Budget Today23 Sep 2022 15:15
"Business leaders gave their reaction to the Chancellor’s statement and it is fair to say it made more positive reading for the man in number 11 Downing Street than the market reaction.
Tony Danker, CBI Director-General, said:
“This is a turning point for our economy. Like Covid, the energy crisis has meant Government has had to spend massively to protect people and businesses. That means we have no choice but to go for growth to afford it.”
“Today is day one of a new UK growth approach. Fifteen years of anaemic growth cannot be repeated.”
“Taking action to get Britain’s economy moving again by beginning construction on transport and green infrastructure projects shows immediate delivery.”
“It’s not perfect - it’s just the beginning - but there’s plenty business can work with.”
Shevaun Havilland, director general of the British Chambers of Commerce said “Businesses across the UK will enthusiastically welcome the chancellor’s pledge to focus on economic growth and speed up new infrastructure development.”
Neil Carberry, chief executive of the Recruitment and Employment Confederation said: “Putting business at the heart of delivering prosperity for the UK is always the right call.”
“Reducing the counter-productive rise in employer National Insurance – a tax on creating jobs and paying people more, that falls heavily on the sectors most affected by the pandemic – is wise.”
“And ditching the botched changes to IR35 – the rules on how temporary contractors are paid - is also a huge help.”
Kitty Usher, chief economist at the Institute of Directors said “This is a good news day for British business. In a time of low confidence and economic uncertainty, the new chancellor’s emphasis on going for growth will be very welcome to firms of all sizes across the UK.”
“Taken together with the energy bills relief scheme, the package as whole will make it easier for businesses navigating a challenging economic environment in the coming months.”
Sign In
Follow the stocks
