CBI reaction to the Budget

The CBI reacted to the Budget delivered by the Chancellor of the Exchequer, the Rt. Hon. Philip Hammond. A full reaction will follow later this afternoon.

Carolyn Fairbairn, CBI Director-General, said:

“This is a breakthrough Budget for skills. There has never been a more important time for the UK to sit at the global top table of technical education for young people.

“Firms will be looking for ongoing partnership with the Government as they try to make the Apprenticeship Levy work.

“However, with inflation rising and the cumulative burden weighing on businesses’ shoulders, limited relief for firms hit hard by business rates falls short. 

“Firms are wholly committed to the health and wellbeing of their people, and are pleased to see an increase in spending on social care.”