Responding to the Chancellor’s 2018 Budget, Miles Celic, Chief Executive Officer, TheCityUK, said:
Today’s commitment to greater infrastructure spending, particularly the emphasis on local transport and more money for the National Productivity Infrastructure Fund, are important steps towards addressing the UK’s productivity gap. The extra support for the Transforming Cities Fund and for other UK regional and national initiatives are further positive moves to support prosperity across the whole of the UK.
“The Chancellor has been careful to maintain headroom to respond to any potential Brexit outcomes, however uncertainty continues to impact businesses on both sides of the Channel. If a Brexit deal is not forthcoming, then it is right that the Budget is rethought, with a much greater emphasis on business support and economic stimulus.”