EEF hails Osborne speech

Posted on 4 Oct 2010 by The Manufacturer

The manufacturers’ organization has welcomed the government’s commitment to more balanced growth, but says it wants more detailed growth proposals

Following today’s speech by the Chancellor of the Exchequer, Steve Radley, director of policy at EEF said:

“Having previously set out how he would tackle the deficit, the Chancellor now needed to communicate his plans for growing and rebalancing the economy. Industry will therefore have been encouraged to hear his commitment to enterprise, innovation and growth right across the economy. They will also welcome his intention to move forward on a green investment bank, carbon capture & storage and improving access to finance.

“But, over the coming month, the major announcements in the pipeline must show more detail of the government’s overarching economic strategy. Manufacturers will be looking for government to demonstrate that it is targeting resources at growing the productive potential of our economy and creating the conditions for businesses to invest and grow.”