BusinessCompany NewsFDs say Budget won’t help UK plc

FDs say Budget won't help UK plc

Was the Budget right for UK businesses?

Less than a fifth of FDs thought last week’s Budget would benefit businesses in the UK.

Of the 410 FDs that responded to this week’s Accountancy Age/Reed Accountancy Personnel Big Question, which asked whether the Budget was right for UK businesses, only 19% thought it would be of any help.

Some 39% thought it was not right for business, while 42% thought it was business neutral. Even those in favour of Brown’s proposals offered only faint praise. ‘There wasn’t much there, but it’s well-balanced,’ said one FD.

Others were more scathing. ‘I think the chancellor’s Budget assumptions are flawed and in April 2004 we will get a nasty shock with the next one,’ said one less-than-happy FD.

A common theme was the concern over the deepening recession in the manufacturing sector. ‘Again, Brown has missed an opportunity to help the sector,’ said Chris Hallett, FD at Ocean Technical Systems. ‘National statistics mask its sorry state. The government must take positive action to assist it.’

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

4w Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

5m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

5m Alia Shoaib, Reporter
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

8m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

8m Emma Smith, Managing Editor
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

8m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

8m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

8m Emma Smith, Managing Editor