Autumn Budget 2024 Business Confidence 2025-03-04
2025-03-04
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Response quality
Questions & Answers
Q1
Partial Answer
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Context
Business confidence has been a key concern after the Autumn Budget 2024. Recent surveys by Lloyds, EY, and PwC have shown varying levels of optimism among businesses.
What discussions she has had with businesses on the potential impact of the autumn Budget 2024 on levels of business confidence? The Chancellor, with her unimpeachable record in the sector, will know that economics is known as the dismal science. As a member of the Business and Trade Committee, rather than using second-hand statistics, I have spoken directly with businesses one to one and found that the mood is indeed dismal. After her dud Budget, can she think again and go back on this desperate jobs tax? She is in danger of becoming tough on growth and tough on the causes of growth.
Economic stability and growth are vital to help businesses across the UK to grow. The Lloyds business barometer published last week showed business confidence up 12 points, building on recent surveys by EY and PwC that show that business and investor confidence is rising. The Government are partnering with business to unlock investment and to drive growth. Conservative Members welcome the additional money for the NHS, but they never welcome the means to pay for it, which is why we are in the mess that we are with the £22 billion black hole we inherited from the previous Government.
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Assessment & feedback
The Chancellor did not address directly the specific concerns about business confidence and the impact of the Autumn Budget 2024 as reported by businesses.
Used Second-Hand Statistics To Counter Direct Business Reports
Redirected Focus To Nhs Funding
Response accuracy