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CBI: a clever political budget

25 March 2010

Reacting to the Chancellor's Budget speech, Richard Lambert, CBI Director-General, said: "With the election just weeks away, this was a clever, political budget

"However, anxiety remains on how the deficit is going to be paid down, and the growth forecasts for 2011 and beyond are still on the optimistic side.

"There was more support for business than might have been expected, with a series of modest but helpful changes. The doubling of entrepreneurs' CGT relief will help investment in small businesses and the extra money for science places at university will be welcomed by industry.

"However, it is the big fiscal decisions over the next 12 months that will really determine the UK's economic future."

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