– Institute of Directors
While any tax reduction is welcome, the Chancellor has not done enough to free business from the burdens and barriers that are holding economic growth back. Businesses dearly want the opportunity to invest, create and build, but George Osborne must go much further if he wants to fire up the engines of the economy. There was a bold move on Corporation Tax, but in the bigger picture this is still not far enough or fast enough.”
The Chancellor's Budget calculations have been questioned by the respected independent economic analysts, the Institute for Fiscal Studies. It criticised the "hotchpotch" of reforms that it warned may fail to raise as much income as predicted.