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Budget 2015: Chancellor Pulls Off Tough Balancing Act Again, says BCC

Commenting on Budget 2015, delivered today (Wednesday) by Chancellor of the Exchequer George Osborne, John Longworth, Director General of the British Chambers of Commerce (BCC), said:

“The Budget unveiled today recognises both short-term electoral horizons and long-term economic needs. The Chancellor’s focus on business growth and prosperity will receive a warm welcome from businesses of all sizes.

“Businesses in every corner of the UK want more sustainable public finances, and they also want governments to take steps to support growth. Once again, it appears that the Chancellor has pulled off a difficult balancing act, maintaining fiscal discipline while ensuring that necessary deficit reduction doesn’t undermine the UK’s growth prospects.

“Lower business taxes, allowances for investment, and targeted support for sectors, regions and small companies all contribute to confidence, investment and job creation.

“Yet the Chancellor avoided the temptation to use newfound windfalls for gimmicks. His focus on fiscal responsibility will play well with business audiences.”

The BCC’s full reaction to the Autumn Statement to follow.

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