22nd October 2018
Chambers of Commerce are calling on the Chancellor of the Exchequer to focus his Budget later this month on radical measures to boost business investment, productivity and competitiveness ahead of Brexit.
They are warning that failing to address fundamental issues in what could be his final pre-Brexit Budget could leave British firms foundering in the wake of the UK leaving the EU.
East Midlands Chamber agrees that any exit deal agreed with the EU could be of only minimal value to UK businesses if they are not given the right incentives for growth.
The Chamber has therefore added its support to demands from the British Chambers of Commerce that Chancellor Philip Hammond should address in his Budget, which starts at 3.30pm on Monday 29 October.
They include:
“If these targeted, affordable measures are delivered they would drive greater investment in people, property, infrastructure and capital, lifting both UK growth and productivity. It would go some way to showing the world that the UK will not just remain open for business after Brexit but also means business,” said Scott Knowles, Chief Executive at East Midlands Chamber.
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