Budget 2011 and Plan for growth analysis
CBI overall assessment of the 2011 Budget Report and Plan for growth
Overall this Budget has stuck to the fiscal course set out in the Emergency Budget and the Spending review last year to consolidate the public finances over the course of this Parliament.
The Budget contains a number of measures which are welcome for the corporate sector. These include the acceleration of reductions in the headline rate of corporation tax, more certainty around the taxation of the foreign profits of multinational firms and a number of tax measures designed to improve the flow of capital to high growth entrepreneurial businesses.
In addition the Growth Review contains a number of measures around planning, regulation, trade promotion and access to finance which in aggregate will lift some of the constraints to business supporting growth via investment and job creation.