Julia Irvine 22 Nov 2017 05:18pm

Budget soundbites

A round-up of the pithiest comments on the Autumn Budget

Chris Sanger, head of tax policy at EY - “More tax measures than you can shake a stick at.”

Stephen Martin, director general at the Institute of Directors - “The chancellor dipped his toe in the water with this Budget, but failed to make a splash with business. Next year’s Budget is too close to point of Brexit to make a difference, so this was his last chance to give business the boost it desperately needs…

“Philip Hammond faced a difficult task today, with ugly growth forecasts, and plenty of demands on the Treasury, but companies will still be disappointed with what they got...

“In too many areas, this Budget simply did not rise to the occasion.”

Jim Meakin, head of tax at RSM - “With the chancellor under such intense political and fiscal pressure – and with his personal future in doubt – it was difficult to know whether today’s statement would go with a bang or a whimper. But with the OBR reducing its growth forecast from 2% to 1.5% for the coming year, the chancellor had little choice but to opt for the latter.”

Kevin Nicholson, head of tax at PwC “There was lots of mood music on all things tech, digital, and skills related, but businesses were looking for a vision beyond the here and now and I'm not sure they got it.”

Carolyn Fairbairn, director general of the CBI - “Against a sombre economic backdrop, the chancellor today gripped the steering wheel on the UK economy.”

David Kilshaw, private client services partner at EY - “With much talk before the Budget about plans to address intergenerational unfairness, those under 30 might be looking in the cupboard to find it not exactly bare, but not overflowing with goodies either. Rather than putting a pound in the pocket of the millennial by increasing tax allowances or cutting national insurance contributions, the chancellor has chosen to give them an off-peak season ticket.”

John O'Connell, chief executive of the TaxPayers' Alliance - “The government is still wasting far too much of our money and despite still running a deficit, the chancellor announced several big spending pledges that we really can't afford.”

Toby Ryland, corporate tax partner at HW Fisher - “You wait ages for a business stealth tax and then four come along at once.

“The chancellor may have left Britain’s totemic headline rate of corporation tax unchanged, but he also unveiled a slow-motion double-whammy that will hit many businesses hard.

Chris Sanger, head of tax policy at EY - “Overall, this was a Budget full on measures, but also full of consultations: today saw the announcement of consultations on PAYE, trust and extending off-payroll working to the private sector. This will now set the Christmas reading list for many as we await further publications from the Treasury.”

Iain McCluskey, tax partner at PwC  - "In a tinkering rather than transformational budget, the chancellor placed his meagre collection of political and fiscal chips on the ‘younger taxpayer’.”

Tim Walford-Fitzgerald, private client tax partner at HW Fisher - “Buy-to-let landlords could be forgiven for pinching themselves. For once they’ve not been the whipping boys of a Budget.”