Check out what some of our peers had to say:
Lee Biggins, managing director of CV-Library
“The announcement of reduced corporation tax in today’s budget is good news for the recruitment sector, offering more scope for job growth and expansion. That, combined with the introduction of increased Sunday trading hours is great news for businesses and employees alike and we expect to see a continued rise in jobs over the coming months.”
“However, the introduction of a National Living Wage is likely to oppose these positive changes. Despite it being a good introduction for those in low-paid jobs, it is likely to cause a contraction in job growth due to the increased funds that businesses will need to invest in higher wages.”
Kathy McArdle, CEO of Nottingham’s Creative Quarter
“The Chancellor was correct that the drive must be to increase productivity and create an environment where innovation, investment and employment are the priority. Cutting corporation tax to 18% will be a welcome boost for small businesses, giving them confidence to grow and invest in their own futures. The announcement of a National Living Wage of £9/hour along with the commitment to 3m more apprenticeships will also hopefully go a long way to creating valuable, long-term jobs across the country.
I was pleased to see a continued focus on the Northern Powerhouse but with a real commitment to more devolution deals across the country. If there's going to be a genuine shift in economic growth towards a balanced economy then there must be a serious path to devolution for the regions and core cities outside the north.
I welcome the Chancellor’s commitment to building up enterprise zones throughout the country along with the power for counties and newly elected mayors to set their own Sunday trading hours. However, he must match this with a commitment to railway electrification to reassure people that this is not just a political slogan.”