Bob Borthwick, a director of recycling specialists Scott Bros, which is based at Haverton Hill, Teesside, said: “This budget is all about creating a positive mindset among voters ahead of a general election and, despite the lack of much fiscal wiggle room, there will be some tax giveaways for individuals.
“However, as a business at the forefront of expanding the circular economy, I urge the Chancellor to continue to back research and development initiatives in areas related to decarbonisation. In the transition to a low carbon economy, further tax breaks and incentives are needed to encourage more businesses to invest in recycling, waste reduction, and developing commercial applications for recycled materials rather than using up the world’s precious natural resources.”