Autumn Statement 2023 reaction

Director and co-founder of Pro Steel Engineering Richard Selby reacted to the Budget by saying he was delighted that £50m had been allocated over the next two years to increase the number of apprenticeships in sectors like engineering.

“We need to ensure this benefit is felt here in Wales given the skills shortage we continue to suffer from,” said Mr Selby.

He added: “The 9.8% minimum wage increase will be invaluable to all during this cost of living crisis, and this has tried to have been balanced to business owners with the introduction of the full expensing business tax break made permanent which will be welcomed by many. SMEs however will be wondering how to overcome this cost rise in their forthcoming budgets for 2024.”

Read the full Business Live Wales round-up of business reaction here