BCC Reacts to Chancellor's Speech
23 Sep 2024
Published in: British Chambers of Commerce News
The British Chambers of Commerce responds to the Chancellor's speech.
Shevaun Haviland, Director General of the BCC, said:
“It was encouraging to hear the Chancellor recognising the huge potential of British business to grow the economy and her ambition to make that happen.
“Today’s speech has set the scene for her first budget which will be a huge moment to shape the expectations of business and the public for the years ahead.
“This was a vital moment to lift the tone and for the Chancellor to champion the critical importance of economic growth, increased exports and investment.
“Businesses will be keen to get more detail on how she plans to do this. They will want to know where any increases in the tax burden are likely to fall, but they will welcome the imminent publication of an Industrial Strategy.
“The BCC believes there are three main ingredients needed to make the budget a welcome one for business. It must encourage investment, strengthen the workforce and develop our local economies.
“All eyes will now be turning to October 30th to see if the Chancellor can deliver on the intent that she has set out today. We stand ready to work in partnership with Government to make the UK the best place to start, grow and invest in business.”
Black Country Chamber of Commerce Policy & Impact Officer, Gemma Edwards said:
“There was cause for cautious optimism for businesses in the Chancellor’s speech today, with the promise of a long-awaited industrial strategy and business rates reform. We know that our members have been waiting for these two things for a long time.
"We look forward to hearing more detail on these measures in the Budget on October 30th.”
Are you interested in policy?
Join us at our upcoming Quarter 3 2024 Data Reveal event on 17th October. Be the first to hear how businesses in the Black Country are feeling, as we exclusively reveal Black Country economic data. Gathering data on sales trends, recruitment, cashflow and investment, the QES is the most authoritative national business confidence survey, and this event is one not to be missed.
Hear from our speakers who will be giving their analysis of what the data means for your business, and more on this quarter's theme of staff benefits and wellbeing.
Comments
Post A Comment
You must be logged in to post a comment. Please click here to login.
Our Patrons
