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16/03/2005
CBI welcomes 'measured' UK plc Budget
The CBI today welcomed Chancellor Gordon Brown's Budget Speech today as a "balanced Budget" which looks beyond short-term political concerns to the genuine long-term needs of UK plc.
Sir Digby Jones, CBI Director General said: "This is a measured Budget which has been crafted to ensure that economic stability is maintained. The Chancellor has avoided the temptation of pre-election risk taking, targeting help only where it is needed most.
He said: "The impact of globalisation is a daily reality for those in business and it is a relief that its importance is finally being recognised by everyone. The threat posed by emerging markets is real and will transform radically the way business is done over the next few years. The Chancellor has shown that he recognises we must be ready to meet the challenges head-on and government help is vital.
Sir Digby applauded the deregulation and other measures outlined in the speech which he said must be "at the heart of the UK's battle to be competitive."
He added: "Both the Hampton Report and the Better Regulation Task Force Report contain practical ways forward that look workable, but the delivery of change will be the acid test. Business will be heartened that for the first time increases in public spending will be tied to the achievement of specific reforms in specific departments."
(SP)
Sir Digby Jones, CBI Director General said: "This is a measured Budget which has been crafted to ensure that economic stability is maintained. The Chancellor has avoided the temptation of pre-election risk taking, targeting help only where it is needed most.
He said: "The impact of globalisation is a daily reality for those in business and it is a relief that its importance is finally being recognised by everyone. The threat posed by emerging markets is real and will transform radically the way business is done over the next few years. The Chancellor has shown that he recognises we must be ready to meet the challenges head-on and government help is vital.
Sir Digby applauded the deregulation and other measures outlined in the speech which he said must be "at the heart of the UK's battle to be competitive."
He added: "Both the Hampton Report and the Better Regulation Task Force Report contain practical ways forward that look workable, but the delivery of change will be the acid test. Business will be heartened that for the first time increases in public spending will be tied to the achievement of specific reforms in specific departments."
(SP)
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