'I really do think we need to focus on productivity' Richard Burge, Chief Exec of the London Chamber of Commerce, provides his reaction to the Budget which he thinks does little for Small Businesses and for the capital more generally. PoliticsLondon |
One senior government figure described it as "a steady-as-she-goes Budget", after the turbulence of Liz Truss's short-lived premiership.year, which is better than previously forecast and does not, technically, count as a recession.
The economy is predicted to return to growth - but house prices are projected to fall by 10% by 2025. Speaking to BBC Breakfast on Thursday morning, Mr Hunt admitted "for a while the tax burden will be higher" due to costs incurred during the pandemic and on subsidising energy costs.
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