Commenting on the announcement, EEF Chief Economist, Steve Radley, said:
"Business will welcome this clear intention to deliver more balanced and sustainable economic growth with an active strategy to support Britain’s industrial base. This must be complemented by the measures announced in Wednesday’s Budget, not undermined with future tax rises. Any change in strategy will require a significant change in mindset if government departments are to deliver real change in the UK’s business environment."
ENDS