Simon Featherstone, Managing Director of Lloyds TSB Commercial Finance, joined a tax expert, SME advisor and an entrepreneur for a lively blogging session during the budget.
He said: “Business confidence will be key to underpinning the economic recovery and it was policies which help to build this in firms which we were keenly anticipating.
“There were three core announcements which will hopefully assist in this regard. The headline-grabbing £2.5bn package to boost skills and innovation is likely to have a positive impact on businesses and employees across a wide range of sectors, particularly those firms which provide training services.
“We also saw business rates cut from October to help 500,000 companies and investment allowance for small firms doubled to £100,000 – both measures which will ease some of the burden which SMEs are feeling.
“For many owners, businesses confidence will only come from their own grass-roots experience of converting new opportunities into sales growth.
“These businesses will find that Commercial Finance is able to provide tailored ABL packages to fund their expansion and to ensure they can fully capitalise on an economic upturn.”
Replay a full transcript of the live blog here