This was not the Budget to fix broken Britain

By Richard Steer2024-03-07T07:00:00

Radical thinking and major surgery are urgently needed, but the chancellor offered little in yesterday’s statement to get the industry excited, writes Richard Steer

As Jeremy Hunt resumed his seat after yesterday’s Budget the false bonhomie masking apprehension on the faces of his colleagues on the Conservative benches spoke volumes. With a general election around the corner, the Budget was supposed to buy the government the chance of another term of office, but I would imagine that many Tory MPs will now be ordering the removal van.

Construction and property are bellwether industrial sectors and our numbers make grim reading, with construction activity recording almost flat output levels in February after five months of falls.

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