Budget 2014: Budget has potential to give UK regions wings

Budget 2014: Budget has potential to give UK regions

Regional and city areas now get recognised and are given potential for expanding economy.

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Commenting on the Chancellor's decision to support regional airport capacity, Caroline Haynes, director in KPMG Management Consulting, says:

"It is good to see that the government is finally giving thought to Regional and City economies. Whilst the Budget may have been short on infrastructure announcements, the plans laid out for growing regional airport capacity is a helpful way to ensure that recovery is not restricted to limited pockets of the country, as is the outlined support for manufacturing.

"Yet, so much more could have been done. The Local Growth Fund pot of money remains smaller than originally envisioned and measures to force local authorities to use balance sheet assets to regenerate and reinvent City and Regional economies would have been helpful."


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For further information please contact:

Mike Petrook, KPMG Corporate Communications

M: 07917 384 576

E: mike.petrook@kpmg.co.uk

KPMG Press office: +44 (0)207 694 8773

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Chancellor’s Budget 2014


About KPMG

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such. 

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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