Business

BETTER BANKSIDE BUDGET BRIEFING

30 April 2009

The 6th Annual Better Bankside Budget Briefing Breakfast was held this year this year in the Cantina restaurant at Vinopolis.

Better Bankside Chief Executive, Peter Williams, commented: “Sobering thoughts were delivered by Brian Groom, the FT's Business and Employment Editor. Brian drew attention to the varied challenges facing a government struggling with the scale of public debt and issues throughout the private sector. This national context, alongside the malfunctioning of the global economy meant that the chancellor was hemmed in and had little scope for manoeuvre.

“The impact of the budget has also been partly eroded by the introduction of another statement later in the year, and what had been the most significant announcement of the year has lost some of its import.

“This fact was reinforced by a straw poll of Bankside businesses attending the event. Their response to the budget was neutral, feeling neither more optimistic or pessimistic as a result of the Chancellor's new measures.

Questions from the floor sought reassurance for the property sector, and any evidence of support for small businesses to assist them in facing the current squeeze.”

www.betterbankside.co.uk

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