I was delighted to attend the annual Wellden Turnbull post-budget seminar in Cobham this afternoon.
I gave a presentation on the state of the UK economy and key budget measures. In particular, I talked to the group of local businesses and professionals on the proposals for £80 billion tech investment over the next 10 years, along with extra investment in teaching and infrastructure, to raise productivity and boost wages. I also looked at key issues affecting the constituency at a local level, including reforms to business rates which will ease pressure on high-street retailers, and the abolition of Stamp Duty for first-time buyers for the first £300,000 on properties up to £500,000.
The overall theme pressed by the Chancellor was one of stubborn optimism for the UK economy and the opportunities that lie ahead.
My thanks to Robin John and Helen Delbridge for organising the event. You can access a link to Robin’s speech on the technical aspects of the budget here.