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26 February 2005

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Gordon Brown’s Budget will cost Cambridgeshire £194m


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Leading Peterborough accountants, Green Stone & Co, have today launched a new Business Builder support service to help the region’s businesses grow so that they can help pay for the extra £194m the Chancellor wants to spend on public services in Cambridgeshire.

Launching the initiative after Gordon Brown’s 53 minute speech Green Stone & Co partner, Simon Chaplin said:

Green Stone & Co


“At first sight this appears to be a scattergun Budget – with £100 of good news for the very old, churches and people who prefer locally brewed beer! But on closer inspection it is actually a “Plea for Help” Budget in which the Chancellor is relying on businesses here in Peterborough to help him out of a potentially very big problem.

"Sadly Budgets are now more difficult than ever to assess - partly because of the amount of ‘spin’ used, and partly because of the complexity of the announcements. So, as always, the devil will be in the detail. But two things are already very clear.

"Firstly, that it’s the ambitious spending plans that will make the headlines."

Simon continued: "Secondly that it’s the impact of the Chancellor’s announcements on the county’s job and wealth creating small businesses that will determine whether the extra £194 million that we estimate the government is planning to spend in Cambridgeshire can actually be paid for.

"Gordon Brown believes the extra spending can be repaid without further tax increases – because he believes that economic growth will be so strong that soon we will all be automatically paying more tax as we all earn and spend more. But the plain truth is that growth doesn’t happen by accident… we have to take action to make it happen."

The new – and free - Business Builder support initiative is one of the ways Green Stone & Co intends to help the region’s businesses put Cambridgeshire at the top of the UK’s growth tables.

Using leading-edge Simple Stuff That Works business improvement software, the Business Builder support initiative will help local businesses discover new ways to create more jobs, more profits and more wealth.

Readers who would like to discover exactly what the free Business Builder support initiative can do for them – and to test drive it for free - can find out by contacting Simon Chaplin at Green Stone & Co on 01733 344209 or [email protected]

March 2004

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