BusinessCompany NewsO’Neill backs Brown all the way

O'Neill backs Brown all the way

Ahead of tomorrow's pre-Budget speech, US Treasury secretary Paul O'Neill has thrown his full support behind chancellor Gordon Brown's handling of the UK economy.

Link: Follow the pre-Budget speech

In a speech to the Confederation of British Industry yesterday, O’Neill, rejected criticisms from delegates that Brown along with trade and industry secretary Patricia Hewitt had made Britain a less attractive place to do business.

He said: ‘The UK has a lot to be admired and has done quite well compared to Western Europe.’

Earlier, Brown had defended his handling of the economy, claiming the UK had had more stability in the last five years.

‘I don’t accept that Britain is a worse place [to do business] than five years ago.’

The pre-Budget speech takes place tomorrow afternoon. AccountancyAge.com will report on the speech as it happens, followed by analysis and comment.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

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

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor