Gerry Grimstone, Chairman of TheCityUK, comments:
“This really is a Budget for long-term savers and investors and recognises the vital role of financial services in the British economy."
Chris Cummings, Chief Executive of TheCityUK, comments:
“This Budget recognises that financial services are the powerhouse of the UK economy. The Chancellor has sought to make it more attractive for people to take personal responsibility and save more for the longer term. That will add to the stock of capital available to fund business growth and stimulate infrastructure investment, making the UK even more attractive to foreign investors.
“The additional funding for the Financial Services Trade & Investment Board shows how serious this Government is in supporting its largest export earning sector and encouraging inward investment. This is endorsed by the welcome announcement of a doubling of support for export finance.
“The Chancellor has set out a positive vision for the economy beyond the financial crisis.”