The
Engineering Employers’ Federation has welcomed the boost for education and
science spending announced by the Chancellor of the Exchequer in the Government
spending review.
The
EEF said it will go some way towards repairing the damage it believes was done
to relations with business in the last Budget.
EEF
Director General, Martin Temple said: “We are pleased the Chancellor has
implemented a sensible well-targeted spending strategy, in response to our
arguments for boosting education and science. This will not only help improve
our world class science base, but underpin investments for a lasting
improvement in our productivity and competitiveness.”
The
EEF has also backed the view that, while the increases in spending are welcome,
business must not be used as an easy target for further revenue raising
measures.
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“Business
has been used to seeing Government give with one hand and take with the
other. It is essential that these
encouraging measures are backed with clear targets and not used as an excuse
for further taxation on business,” Temple said.
