Autumn Budget 2024 - PwC UK Senior Partner comments on the Budget

Commenting on the Autumn Budget, Marco Amitrano, Senior Partner of PwC UK, said:

“Businesses knew higher taxes were coming and had braced themselves, but that won’t lessen the impact. Anything that adds costs, especially in a sluggish economy, will create pressure. The key question is whether the focus on investment drives growth in the longer term. A strong public sector is good for business - improved productivity depends on education, health and transport systems. While the OBR’s forecast for the next four years remains unchanged, the emphasis on stability and sustainable growth is encouraging. There was a strong focus on regions and growth sectors, playing to the industrial strategy and need for balance across the economy. If international markets continue to react favourably, that will give businesses greater confidence and enhance the UK’s standing on the global stage.”