Rob Pilkington, managing director of the Leaselink International division of Oxford-based online solutions provider, Ebbon-Dacs, commenting on the 2011 Budget Statement said:
“Considering the fact that, according to reports in February, interest charges on loans to the country’s credit card was yet another record, we were not really expecting give-aways in this Budget from a Chancellor bent on reducing the national debt.
“However, Mr Osborne has taken some actions to try and pump-prime the economy. Stopping the fuel rise planned for April and the 1p cut in fuel duty announced yesterday are both very welcome moves, but whether this will really be felt in any meaningful way with the record oil prices we are experiencing is another question.
“For the future, the freeze on company car tax for the lowest emitting vehicle band shows another push towards the greener car, while at the other end of the scale 99.9% of fleet users are not going to complain about the removal of the 80K limit – as it won’t affect them!
“In general terms, the gradual reduction on Corporation Tax will hopefully encourage investment and growth in Britain, although for 2011 the lowered growth forecast shows we all have a lot yet to do yet to really get the country growing.”