Caudwell: I might be one of very few supporters of Budget

ODN

Labour supporting businessman, John Caudwell, says that he might be "one of the very few" people who is "moderately supportive" of Chancellor Rachel Reeves' Budget. The 'Phones 4u' founder says although there are "things missing", the Budget is "about as good as it can be". Report by Ketchs. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00Well, I might be one of the very few people in the country that actually are moderately supportive of the budget.

00:08All the damage was done from my point of view to Britain's GDP growth in the last budget.

00:14That was a very damaging budget to the future of Britain's inward investment and growth.

00:21This budget is about the best it could be under the circumstances.

00:25That said, there's some things that are very, very desperately missing.

00:28One of those things for sure is that they should be looking at cutting public spending, not increasing it.

00:35I'm a little bit worried about these universal credits for unlimited children.

00:40I really do want to eliminate child poverty.

00:43I spend my life doing that in my charities.

00:46I don't really want to do that, but I don't want to encourage people not to work.

00:50And we needed more measures to get people back to work.

00:53So overall, yeah, there's things missing that desperately needed to be in there, like inward investment strategies.

01:02But it's about as good as it could be.

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