Business West, the region’s largest business organisation, has welcomed Chancellor Rishi Sunak’s response to the coronavirus crisis in his Budget – but warned that its commitment to funding big-scale ‘levelling-up’ infrastructure projects through borrowing could unravel if the economy goes into recession. Managing director Phil Smith, pictured, said a strong statement of intent from...
The CBI described Rishi Sunak’s first Budget as “bold” in combining the much-needed immediate response to the coronavirus crisis with longer-term measures to boost the economy. Director-general Dame Carolyn Fairbairn, pictured, said the Chancellor had worked against the clock in deeply challenging times to deliver two Budgets in one – the first for national...
Key points from the 2020 Budget so far . . . Growth forecasts updated to 1.4% for 2020 and 1.6% for 2021 Planned rise in alcohol duties cancelled Fuel duty frozen Government to abolish business rates for small shops this year levy on electricity frozen and increased on gas Tax on plastic packaging to...
Key points from Chancellor Rishi Sunak’s first Budget . . Chancellor started speaking at 12:35pm He says public services are well prepared to tackle coronavirus There is likely to be a "significant" impact on the UK economy but it will return to normal There will be a funding "bridge" for business to help them...
Bristol’s innovative manufacturing firms are being invited to take part in a trade mission to South Korea to explore collaborating with some of the country’s most pioneering businesses. Part of the government’s Global Business Innovation Programme, the mission will bring together small cohorts of innovative UK small and medium-sized businesses looking to grow and...
The South West has emerged as the UK’s best region for women’s economic empowerment – outperforming other parts of the country for female participation at work and narrower pay disparities between the sexes. According to the latest Women in Work Index, produced by accountancy giant PwC, the region also has the second-lowest female unemployment...
