Karen Briggs, UK Head of Brexit reacts to the Spring Budget.
Giving her reaction to the Spring Budget, Karen Briggs, Head of Brexit at KPMG said:
“With just days to go until the triggering of Article 50, and a transformative period for the British economy, Philip Hammond delivered a Budget that barely mentioned Brexit. This was perhaps to be expected given the chancellor’s need to transmit confident signals to the marketplace.
“I was pleased to see some measures to get Britain ‘Brexit fit’ in announcements around funding for schools, skills and training. However, if we’re going to build the sort of highly skilled, innovative, creative post-Brexit economy that we want, this investment will have to be significantly increased. More needs to be done to address Britain’s productivity gap and prepare us to compete on a global stage. Being the best skilled provides better security than any trade protection measure, so more imaginative thinking is needed to prepare our young people for a life of learning.
“So while the Spring Budget was ‘steady as she goes’, I expect a more radical Autumn Budget, one that builds on a summer of consultations and green papers to inject new pace into the education and skills agenda. The business community want to help government so I’m confident a public and private sector partnership can be established to get Britain Brexit ready.
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