The Big Question - Green Budget a big yawn
Finance directors greeted last week’s Green Budget with a yawn of indifference, according to this week’s Big Question, writes Douglas Broom.
More than 200 FDs were asked by Accountancy Age and Reed Accountancy Personnel if they thought the Green Budget was good for their business.
A crushing 51% said the impact had been entirely neutral. Just over a quarter thought the Pre-Budget Statement had been good for business, while only a fifth felt it was bad for business.
Martin Dalby, group FD of property management group Peverel, summed up the views of many when he said: ‘I am not sure why he bothered.’
Dalby said the decision to give control of interest rates to the Bank of England had helped stabilise the economy and felt the biggest danger to business was incessant media talk about recession.
Janice Harmsworth, FD of car component makers McKechnie, said Brown appeared to be ‘more in tune with what is going on in industry’. But several others felt his assessment of the economy was too upbeat.
Hayden Distin, FD of HMC Brauer Ltd, summed up the feelings of the detractors when he said that the statement seemed to be mostly ‘playing around the edges’.