Commenting on the Chancellor of the Exchequer’s speech earlier today, Dr. Roger Barker, Director of Policy at the Institute of Directors said:

“The relationship between government and business has been problematic over the last six months. However, with this speech, the Chancellor has communicated a more positive narrative which may contribute to a gradual rebuilding of business confidence.

“Many of the specific announcements made today will take time to translate into increased economic activity. However, the Chancellor has set the right tone in terms of her rigorous focus on enabling growth. If this is reflected in a shift to pro-growth decision-making across government departments and regulatory bodies, both at national and local level, it could help shift the dial in terms of the willingness of business to invest.

“Much will now depend on the ability of government to deliver, particularly in terms of enacting meaningful planning and infrastructure reform across all regions and nations of the UK. There is also a pressing need to address the skills shortages which will potentially constrain the ability of the Chancellor to rekindle growth.”