The News Agents Why is everyone scared of the budget?
Oct 29, 2024
In this discussion, Luke Tryl from More in Common shares insights into the public's anxiety regarding the upcoming budget, likening it to a suspenseful horror story. Brendan May, an environmental entrepreneur, highlights concerns over how budget proposals could stifle business growth and sustainability efforts. Both guests emphasize the need for trust in government policies to support entrepreneurs and the workforce, underscoring the deep-rooted public dissatisfaction that could impact economic growth.
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Entrepreneur's Concerns
- Brendan May, an environmental entrepreneur, expresses concern over the UK government's lack of understanding of small and medium-sized businesses (SMEs).
- He fears that stifling entrepreneurship will hinder green growth and the net-zero goal, as private sector investment is crucial for innovation.
Unspoken Business Concerns
- Many businesspeople share Brendan May's concerns but are hesitant to voice them publicly.
- They fear being perceived as wealthy complainers during a time of widespread economic hardship.
Public Budget Anxiety
- Public sentiment towards the upcoming budget is overwhelmingly pessimistic, with 70% expressing worry.
- Luke Tryl notes this unprecedented level of anxiety surrounding a fiscal event.