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Immediate Budget reaction from CMI

Chartered Management Institute

1 min read Partner content

The Chartered Management Institute has released its initial reaction to today’s Autumn Budget.

Ann Francke, CEO of the CMI, said:

“Managers and leaders across the UK will agree with Rishi Sunak’s aspiration for a new age of optimism.

"Some of the Chancellor’s key announcements, including increased funding for skills and apprenticeships are an important step in the right direction - together with targeted cuts to business rates, which hold back investment in our people. The Chancellor must now ensure that the benefits of these changes are felt on the ground as quickly as possible.  

"A clear and stable funding settlement for universities is still needed to help achieve the Government's goals of levelling up and enhancing productivity.

"Our universities and the areas that depend on them still need to see further detail on higher education funding, which is so important to the improvement of management and leadership, over the coming weeks.

“The Chancellor must deliver on his aspiration to reduce the tax burden on businesses and people by the end of this Parliament. A lower-tax environment will enable more firms to invest in the management and leadership skills the UK needs in order to become the high-wage and high-productivity place we all want to see.”

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