In response to the Spring Budget, Policy Chairman of the City of London Corporation, Chris Hayward said:

"This Budget will provide a much-needed shot in the arm for UK capital markets. These measures will drive greater performance and secure better returns for hardworking British savers. The pension reforms unveiled by the Chancellor are integral to unlocking the full potential of investment in high-growth British businesses seeking to start and scale in the UK and internationally. Additionally, increased retail investment through the newly announced British ISA will further bolster participation in UK markets.

"Modernisation of the non dom regime is appropriate. We need to ensure that the changes convey the signal that the UK is a great place to live and invest."

"A sustainable plan for growth is imperative to forging a path to a high-wage, high-skilled economy."