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NAPIT GIVES A CAUTIOUS APPROVAL OF THE GOVERNMENTS EMERGENCY BUDGET

The NAPIT Group issued a cautious approval today on the first emergency budget by the new Chancellor George Osborne.

Chief Executive of The NAPIT Group John Andrews stated: “I think that this budget will turn out to be far fairer and reasoned than many would have expected. Given the appallingly high level of debt that everyone in the United Kingdom is currently carrying, the budget had to be swift and far reaching.”

He went on to say: “We have to remember when we talk about the country being in debt, it is me and you that owe the money, not some mythical being and just like personal debt directly on an individual it is not something which can be ignored and put off until a later date."

“I think this budget will be of benefit, rather than a hindrance to our trade member companies, with a number of the measures being designed to encourage small and medium business growth and support for new job creation with relief on the National Insurance burden for new employees.”

“Over the next few days we will study the small print of the budget carefully and advise our members of our findings as appropriate.”