This was a business focused budget - North and West Yorkshire chamber of commerce chair

The video discusses a business-focused budget, highlighting the positive aspects of employee focus and cooperation. It emphasizes the strategic placement of the infrastructure bank in Leeds, a financial hub, and the potential benefits of Freeports in the context of Brexit. The discussion also covers the implications of devolution and infrastructure development, particularly between the East and West coasts. Finally, it addresses tax incentives for businesses and the importance of skills development, including increased incentives for apprenticeships.

What is the significance of Leeds in the context of the business-focused budget?

• It is a financial and insurance center.

• It is a major tourist destination.

• It is the capital city of the UK.

• It is known for its agricultural exports.

What is a potential benefit of establishing Freeports in the UK?

• Stricter immigration controls

• Increased tourism

• Higher import tariffs

• Simpler funding and lower taxation

What is a concern related to the Freeports and the Brexit deal?

• Potential conflicts with the Brexit agreement

• Increased trade barriers with the US

• Decreased foreign investment

• Higher taxes for local businesses

What is a key focus of the new mayor in West Yorkshire?

• Improving public transportation

• Enhancing digital infrastructure

• Promoting devolution and regional development

• Increasing tourism

What is the new incentive for employing apprentices?

• Free training programs

• A doubling of the incentive to 3000 pounds

• A grant of 1500 pounds

• A tax deduction of 50%