Infrastructure investment and improvements are seen as a necessity to make it easier to shift goods through the supply chains and for staff to access work. An early commitment to the ongoing expansions at Birmingham Airport and some decisive actions on the M6 toll road from the Autumn Statement are key to this.
With a fluctuating pound and uncertainty over trade deals, the supply chain is as important as ever. By supporting local businesses and championing ‘Make it British’ we can highlight how dynamic our businesses in the region are, the Government need to back this and make trading locally a priority.
We also need a commitment from the Autumn Statement of major investment for upskilling staff and supporting skilled people into work so that we can continue to become more productive. Investment in R&D and capital purchases to support businesses on diversifying and to encourage a focus on more automation where possible is also a requirement.
Henry Carver, Managing Director at Carvers Building Supplies, commented: “I am looking for confirmation that the government is not going to go down a ridiculous fiscal expansion along with an increase in debt and inflation, we need fiscal stability.
“A review of the levels of rates that can be charged by the new mayoral authorities will help the local economy. As businesses don’t vote they could be losers and ultimately that effects their employees prospects. Rates for us are a very large tax before any profit has been made.”
Black Country Chamber of Commerce is holding a live Autumn Statement event on Wednesday 23rd November at Wolverhampton Grammar School, with a panel to provide on the spot analysis and comment on the announcements.
The panel of speakers will include Chair Corin Crane (Black Country Chamber of Commerce), Johnathan Dudley (Crowe Clark Whitehill LLP), Frank Cochran (FSC Investment Services), Henry Carver (Carvers Building Supplies), Penny Rudge (Wolverhampton Grammar School) and Paul Forrest (West Midlands Economic Forum).