John Cridland, secretary general of the Confederation of British Industry, reacts to today's Budget announcements:
"The Chancellor has provided a much-needed confidence boost.
"With many calls on the Chancellor to spend money he didn't have, the best news for businesses is that he stuck to his guns and delivered a fiscally neutral programme.
"If businesses were looking for more, it was in the area of deregulation. For smaller businesses, things may not feel very different on the ground.
"It would have also have been a huge relief if the Chancellor had taken the opportunity to get rid of the currently unworkable Carbon Reduction Commitment."