North East Connected

Budget 2015 – NECC Initial Reaction

Ross Smith, Director of Policy, NECC:


“There have been several positive announcements made by the Chancellor. The elimination of national Insurance payments for Under 21s and the abolition of the annual tax return will make life much easier for our smaller business members and contribute to the positive employment figures released this morning. Support for our offshore sector and chemical industries are also very welcome.


“Nevertheless, while there have been promises made around business rate reform, annual investment allowances and northern transport, we are yet to see action. Actions speaking louder than words and these issues need to be addressed as a matter of urgency by whoever is in the Treasury after the election.”

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