Comments from Rob Ingram, Director of Business Rental at Enterprise Rent- A- Car:
“This budget has done exactly what it promised to do – make major cuts to a broad cross section of departments and industries, to improve the fiscal deficit. Whether it will do this by 2015 as promised, we will just have to wait and see, but as an Emergency Budget, we can take some positives from this, particularly the drop in corporation tax and the guarantee that capital spending won’t be cut. However, the public sector has taken a major hit today, and the drastic cuts that will continue until 2015 will have a major impact on how these services are run and managed.
“This age of austerity brings with it a need for creativity in business and as these measures take hold, it is imperative that we maintain innovation in business to understand how to work with the public sector to increase savings through alternatives to mileage reimbursement, combat the increases in VAT and assist the private sector through highlighting tailored rental offerings that will help make cost savings.”