The City of London Corporation’s reaction to the Spring Budget
In response to the Spring Budget, Chris Hayward, the Policy Chairman of the City of London Corporation, expressed the following sentiments:
“The Spring Budget is poised to inject much-needed vitality into the UK capital markets. These measures are anticipated to enhance performance and deliver improved returns for diligent British savers. The pension reforms outlined by the Chancellor play a crucial role in unleashing the full potential of investments in burgeoning British businesses aiming to establish and expand both domestically and internationally. Furthermore, the newly introduced British ISA is expected to encourage increased retail investment, contributing to greater participation in UK markets.
The modernization of the non-dom regime is deemed appropriate, emphasizing the importance of conveying a signal that the UK is an attractive place to reside and invest.
A sustainable growth plan is deemed essential for steering towards a high-wage, high-skilled economy.”