Stewart Segal ~ Non-executive Director of HIT Training gives his reaction to the Chancellor's Autumn Statement 2011.
The Chancellor delivered an Autumn Statement that contained some tough messages today. Growth in the economy has slowed, borrowing has not reduced as much as the Government had hoped and there will be more job losses in the public sector. This follows the bad news on unemployment last week. However there were some measures that should help business, particularly smaller businesses. We know that the hospitality sector has a lot of small businesses and much of the growth on the economy will come from small and medium sized businesses.