Liberal Democrats in Business

News and views from the Lib Dem Treasury, Trade and Industry Teams and Business Forum

Budget Brings More Bureaucracy - Bruce

4.43.53pm GMT Wed 17th Mar 2004

"The Chancellor has taken his usual approach of unnecessary interference in business and micro-management of the economy."

"This budget will do nothing to change the overall picture, but will create confusion and add a greater cost burden to most British businesses."

"Having introduced tax concessions for incorporated businesses he is now clawing them back, although businesses should be aware that the tax will not be paid if the money is retained in the business."

"The constant chopping and changing is a huge distraction for businesses, effectively taking time away from managing and growing their businesses to deal instead with administrative changes."

"The reduction in some civil service jobs also fails to address the need for a radical overhaul of what business Government should be in. It falls far short of the Lib Dem proposal to abolish the Department of Trade and Industry."

"Every year Gordon Brown reinforces the urgent need for a reforming chancellor to replace him at No 11."

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