Businesses welcome Chancellor's announcements

Businesses have broadly welcomed the announcements in the Budget aimed at their sector. Measures included cutting energy costs, and doubling investment in a lending scheme aimed at boosting exports.

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Businesses react positively to the Budget

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.

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