This year’s budget was perhaps the best received for over a decade. I had the good fortune to be sitting next to Ken Clarke, a former Chancellor, famous for drinking whiskey whilst delivering his budget speeches.
Ken understands about budgets and appeared genuinely impressed with what was said this year.
As we all know from running our own households, you cannot run a home or lead your life by continually borrowing money.
Similarly, in the budget, the Chancellor’s first priority is to make sure that the UK can balance its books. As a country, we need to live within our means. Compared to four years ago we are making good progress with a long-term economic plan and we are well on the way to getting our country’s finances back on track.
Living locally myself, I spend almost every Friday visiting local businesses, and it is great to see so many of them, particularly those involved in light manufacturing, agriculture, food and drink, doing so well.
The great thing about Suffolk businesses is that in bad times, and now in good, they help and support each other.
As our local businesses do well the number of new apprentices and young people being helped into vocational training courses in agriculture, plumbing and building is also increasing. Suffolk businesses such as Aspall Cyder, Skinners, and Gressingham have also benefitted from this and other recent budgets through reduced corporation tax and other business rates, allowing them to help many more local people into new jobs and to get on in life.