Praise from business leaders on help for industry

BUSINESS leaders praised the Chancellor for his “bold” measures, pledging to work with the Government to boost jobs and growth.

Stephen Phipson, chief executive of manufacturing organisation Make UK, said:

“Industry will applaud the Chancellor’s bold intent which will spur the process of rebuilding business confidence and healing the economy.

“The emphasis on protecting jobs which already exist, whilst safeguarding and preparing young people with the skills for future jobs which may not yet have been invented is a strategy that companies will fully support.”

Dame Carolyn Fairbairn, director general of the CBI, said: “Today’s jobs plan is an important step forward. New investment in green growth will spur job creation on the road to net zero, while revitalising demand through targeted VAT cuts for hospitality will be warmly welcomed by many businesses.”