Welsh business figures have urged the UK Government to restore confidence in the economy ahead of tomorrow's (March 15) Budget statement. Chancellor Jeremy Hunt will make the statement as the UK continues to face issues of inflation, pay and public finances.
David Atkinson, Lloyds Bank regional director for Wales, said that, as Welsh business confidence falls over uncertainty about the wider British economy, firms are looking to the Chancellor for support with long-term growth and stability.
“The budget is an opportunity to encourage investment in technology that will increase productivity while many businesses still battle staff shortages,” he said. “The Chancellor could show that he supports their long-term goals by increasing capital allowances and providing the greater certainty and support businesses need to invest. A growing economy is vital to helping firms in Wales get back on their feet.”
