2012 Budget ‘neutral’ for business - Hertfordshire Chamber of Commerce

14:11 21 March 2012

Tim Hutchings

Tim Hutchings


THE 2012 budget announcement has been described as a “neutral budget for business” by the chief executive of the Hertfordshire Chamber of Commerce.

Tim Hutchings said he was pleased by Chancellor George Osborne’s decision to immediately cut corporation tax by one per cent, but was dissapointed that a planned rise in fuel duty was not scrapped.

He also questioned the Chancellor’s plans to creat one million new jobs within the next five years.

“We’re pleased with the additional cuts to corporation tax,” Mr Hutchings said. “That will help a lot of smaller companies.

“But it’s disapointing he’s done nothing to stop the fuel duty rise in the summer, or increases in business rates.

“We welcome the news that one million jobs are to be created, but they certainly won’t be created unless people have the skills to fill the jobs.

“We’re still seeing technology companies with job vacancies being unable to fill the roles because people don;t have the skills.

“I think this Government, like the previous Government, needs to be more pro-active in churning out people with the right technology, scientific, literacy and numeracy skills.

“I think it’s going to be a relatively nuetral budget for business.”

Although Chancellor Osborne did announce an extra £100m for university science research, Mr Hutchings said many of the students who took up scientific degrees in the UK were from overseas.

“It sounds good, but in a way we’re educating the opposition,” he said. “I’d have to wait and see the detail on that.”


More news stories

The St Albans man assualted the woman in 2013

An appeal against conviction of a man who was jailed for a racist assault on a former friend has failed.

Yesterday, 21:00
Herts Advertiser comment

Feelings are clearly running high over the fact that in the minds of neighbouring local authorities, St Albans council has failed to cooperate with them over cross-boundary issues and housing figures contained in the district’s planning blueprint, the Strategic Local Plan (SLP).

Yesterday, 17:00
Daisy Cooper, Lib Dem ppc for SA and Cllr Ellie Hudspith

A 24-year-old Albanian has become the youngest member of the district council after winning a by-election last week.

Yesterday, 15:21
Runners in the St Albans Half Marathon

Eight shortlisted charities are competing to be named the main beneficiary of money raised at next year’s St Albans Half Marathon.

Save a trip to your local GP with the free prescription service at Avicenna Pharmacy

Avicenna in St Albans offers a FREE repeat prescription collection and delivery service.


Mustard power was used in the soil science project

A popular spicy condiment has been used in a Harpenden woman’s research project – to gauge the number of earthworms in ploughed soil.

Digital Edition

Read the The Herts Advertiser e-edition E-edition
Zoo Watch CountryPhile

St Albans Sinkhole News

Friday, October 7, 2016
David Walker lives near the sinkhole in Fontmell Close, St Albans. This photo was taken after most of the cavity was filled with special concrete to plug it.

The Herts Advertiser has been visiting residents in St Albans to see how they have been coping one year after the sinkhole appeared in Fontmell Close on October 1, 2015, in a series of articles to mark the first anniversary of the collapse.

Newsletter Sign Up

Sign up to the following newsletters:

Most read stories

Local business directory

Hertfordshire's trusted business finder

Show Job Lists

Most commented stories

Herts Most Wanted Herts Business Awards