AFB welcomes the Chancellor’s focus in today’s Spring Budget on increasing economic growth, against the backdrop of an improved economic outlook.
We support in particular the proposal to introduce full capital expensing for investment in plant and machinery.
We also support the measures announced to increase the level of childcare support and attract over 50s back into the workforce – this will help improve the supply of labour and skills across the economy. The recruitment and retention of talent is a challenge faced by many of our member firms.
We look forward to further details on the Chancellor’s measures to improve the attractiveness of capital listings in London.
AFB will continue to work closely with the Government to ensure the UK remains as attractive as possible to non-UK headquartered banks.