Hertfordshire Chamber of Commerce reacts to Spending Review

THE chief executive of the Hertfordshire Chamber of Commerce has given a cautious welcome to the Government’s Comprehensive Spending Review (CSR) announcement today (Wednesday).

Tim Hutchings spoke to the Welwyn Hatfield Times shortly after Chancellor George Osborne finished his speech to the House of Commons this afternoon.

“I think he gave a very good speech,” Mr Hutchings said.

“What we wanted was for him to demonstrate that we were in control of the economy and I think he achieved that.”

Mr Hutchings said he was pleased the Chancellor had decided to freeze, rather than cut, the science budget and also expressed delight at a decision to invest in adult apprenticeships.

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But he added that is was far too early to tell exactly how the department for Business, Innovation and Skills was going to cut the �400m in administration costs as outlined in the CSR.

“The devil’s in the detail,” Mr Hutchings said. “We’re just going to have to wait and see what a lot of this means, but overall I think he’s done a very professional job.”

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