DR Brian Sloan, head of business and economic policy at Greater Manchester Chamber, said: “Given the scale of the task ahead of the government to reduce the deficit and debt, Bolton businesses will view this as a positive budget for the private sector.
“The Chancellor committed to maintaining capital spending, which for Greater Manchester means final confirmation of funding for the Metrolink expansion programme.
“The widely anticipated rise in VAT has been delayed until January 4, 2011, by which time it will be hoped that inflation has fallen back and the inflationary impact of this tax will not give the Bank of England cause to increase interest rates prematurely.”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article