Businesses welcome Chancellor's announcements
Businesses have broadly welcomed the announcements in the Budget aimed at their sector. Measures included cutting energy costs, and doubling investment in a lending scheme aimed at boosting exports.
Businesses have broadly welcomed the announcements in the Budget aimed at their sector. Measures included cutting energy costs, and doubling investment in a lending scheme aimed at boosting exports.
The Chancellor announced a package of reforms to "radically reduce" energy costs for businesses, especially manufacturing, pledging savings of up to £7 billion by 2018/19 for industry as well as households.
George Osborne said the move will particularly benefit the most energy intensive manufacturers, around 80% of which are based in the North of England, Scotland and Wales.
Measures will include capping the carbon price floor (CPF), which sets rising amounts for the carbon tax paid by electricity generators.
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.