Now we have had a bit of time to digest the Budget 2016 we have a series of blogs that covers some of our thoughts from the day. First we have Sophie, an associate in audit from the Sheffield office.
What is the Northern Powerhouse? What does it mean for our local region? And exactly how committed are the government to this economic regeneration project?
George Osborne has outlined 3 steps he deems necessary improvements in order to set the Northern Powerhouse ball rolling; logistics, science and innovation – and all to be necessarily overseen by the powerful and collaborative business leaders from the local region. It would seem that perhaps what it ultimately boils down to is the ability of our local businesses and regions to compete and win more opportunities and thus redistribute wealth and jobs away from the nucleus of London. From a local perspective, Tinsley Bridge MD, Mark Webber, is dubious about the release of the Budget. He feels there is an’ uncertainty’ which ‘is not good for business’ – so much so that the highlights it as ‘our biggest barrier to growth’. He, along with many other business people, wants to see long-term investment supported by consistent support and incentives and an all-round clearer legislative framework.
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