IoD South West applauds Budget

Reacting to George Osborne’s Budget, Richard Ayre, chairman of the Institute of Directors in the South West, said: “We applaud the Budget; it offers the South West still more positivity coming as it does so quickly after the Hinckley Point planning approval announcement.

“As a national policy, deficit reduction is a necessity, George Osborne has stuck to his guns and it’s just what we wanted to see.

“Businesses will be glad that the downward pressure on Corporation Tax will continue. Britain must become the most competitive place to do business, and this will undoubtedly help; lower taxes will attract welcome investment from abroad.

“The new allowance to reduce the tax on employing people is welcome too. Businesses are working hard to grow and this will provide a new catalyst. Enterprise has done much to improve the employment figures so it’s right that they’re rewarded for doing so.”