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Business is a Priority for Growth

Commenting on press speculation that the budget for the Department of Business Innovation and Skills (BIS) will be cut, President of the Black Country Chamber of Commerce Ninder Johal said: “A 40% budget cut to an organisation that promotes the interests of business and therefore wealth creation is typical of a view that suggests that only very large businesses are worth bothering with. We understand that BIS has already reduced its head count by 25% so such a drastic cut will affect delivery programmes such as apprenticeships, help with exports, innovation support for companies developing new products, regional aid and new green technology.

"Ring fencing science seems ludicrous without ring fencing the practical application of science and enabling such businesses to take on young people, export and ensure that their technology is green.

"Good business is as important to the UK as good education and good health. This is yet another example of Ministers coming up with ideas that reflect their lack of understanding of how business creates wealth. Business group after business group will quite rightly challenge this if it is true and political parties of every hue need to take heed. Austerity that destroys potential will harm the country in the medium and long term."

Last modified on Tuesday, 07 April 2015 09:31

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