The best business advice, opinion, news and expertise in Greater Manchester and further afield.

Wednesday, 22 April 2009

Budget 2009 Update #2

  • Economy will shrink by 3.5% this year

  • Focus on sectors: communication, advanced manufacturing, low carbon, protect and improve science base

  • Economy forecast to grow 1.25% in 2010

  • Reduce the deficit by half in four years

  • Inflation forecast to be 1% by the end of the year

  • Focus on retraining and new skills to get unemployed back into work

  • £1.7billion for employment support

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