IoD North West request clarity from the Chancellor

The Institute of Directors (IoD) in the North West has urged the Chancellor, George Osborne, to announce a clear strategy for British businesses in his Budget statement on Wednesday.

IoD North West represents 2,200 members in the region, and strongly backs the Government’s deficit reduction plan, although it has called on the Chancellor to make further improvements to tax, regulation and infrastructure.

Darrell Matthews, regional director of IoD North West, commented: “George Osborne has done difficult, essential work so far in taking on Britain’s bloated state and crushing deficit.

“Chancellors should be judged on the tough decisions they make – not their popularity in the polls – so he must not budge an inch on the crucial job of deficit reduction.

“He also deserves praise for recognising that deficit reduction must be backed up by improved competitiveness, achieved through measures such as lower Corporation and Income Taxes.

“This budget is the time to build on his work so far with radical steps to make Britain the best place in the world to do business.

“He must ensure that where money is available for investment it is focused on specific priorities, not frittered away on a wide range of special interest schemes.

“Our economy will return to growth when the energy and expertise of British business is unleashed, and international investment is attracted.

“On Wednesday, the Chancellor has the chance to make that happen with a clear signal that Britain is the place to do business - and he should seize it with both hands.”

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