By Daniel Hunter

The Institute of Directors (IoD) today urges the Chancellor to make this week’s Budget a clear statement of his intention to make Britain the best place in the world to do business.

The IoD, which represents over 35,000 business leaders in every sector of the UK economy, strongly backs the Government’s deficit reduction programme while making the case for George Osborne to build on it through further improvements in tax, regulation and infrastructure.

“George Osborne has done difficult, essential work so far in taking on Britain’s bloated state and crushing deficit. Chancellors should be judged on the tough decisions they make — not their popularity in the polls — so he must not budge an inch on the crucial job of deficit reduction," Simon Walker, Director General of the Institute of Directors, said.

"He also deserves praise for recognising that deficit reduction must be backed up by improved competitiveness, achieved through measures such as lower Corporation and Income Taxes.”

“This budget is the time to build on his work so far with radical steps to make Britain the best place in the world to do business. He must ensure that where money is available for investment it is focused on specific priorities, not frittered away on a wide range of special interest schemes.”

“Our economy will return to growth when the energy and expertise of British business is unleashed, and international investment is attracted. On Wednesday, the Chancellor has the chance to make that happen with a clear signal that Britain is the place to do business - and he should seize it with both hands.”

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