The business community's reaction to today's Budget was broadly positive, with the Confederation of British Industry (CBI) and the British Chambers of Commerce offering strong endorsements.
The head of the CBI, John Cridland, said: “This was a make or break budget coming at a critical time in the recovery and the Chancellor has focused his firepower on areas that have the potential to lock in growth.”
The Federation of Small Businesses also hailed the Government's business-friendly approach.
The British Chamber of Commerce has called on the government to make driving economic growth its number one priority. BCC director general John Longworth said:
The British Chamber of Commerce (BCC) has urged the government to "show some backbone" and take action to drive economic growth as they slashed growth forecasts, again.
The BCC, which represents more than 100,000 UK firms, now believes there will be no growth this year, as output will shrink by 0.4% before a rise of 1.2% next year, compared with its 1.9% forecast in June.