CEDA chairman gives his perspective on Autumn statement

Jack Sharkey, CEDA chairman, comments on the Chancellor’s Autumn Statement from CEDA’s perspective:

“Overall CEDA is pleased with the Chancellor’s Autumn Statement.

"Our members and partners and the catering equipment sector should benefit from the freezing of fuel duty, the increase in research and development tax credit, plus additional bank lending and Government-backed venture capital support.

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“It was also pleasing to note the substantial increase in annual financial support for the NHS, which should help members and partners working in that segment of foodservice.

"However, this may be cancelled out by the inevitable tightening of public sector purse strings to bring down the national deficit further.

“The good news in the Chancellor’s statement mirrors CEDA’s member research and confidence surveys during 2014 where we see most enjoying an upturn in contracts, and feeling optimistic about prospects for 2015.”
 

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