20/03/13

"While there is much for business to welcome in the Chancellor's statement, such as reviewing the MPC’s remit, scrapping the rise on fuel duty, and putting £3.5bn into helping buyers afford new homes, he and his Cabinet colleagues should have gone further to support enterprise and growth, such as scrapping damaging increases in business rates. We are at an unprecedented moment in economic history, and the government should be doing everything in its power to get the economy moving. Many of the Chancellor’s measures were targeted at larger corporates, and those that will benefit smaller companies will not take effect until 2015, which is too late. We need urgency, scale and delivery today.

"If Britain is in a global race, as the Chancellor said in his speech, our political elite needs to act accordingly, and pull out all the stops to support enterprise, jobs, wealth creation and exports. Business will appreciate many of the Chancellor's measures, and his personal commitment to fiscal discipline and support for enterprise, but will wish he had been more radical in the pursuit of growth."

FULL PRESS RELEASE TO FOLLOW

Ends 

Notes to editors:

The BCC’s Budget Submission can be viewed here.

Media contacts:

Case studies available for interview. Please contact the press office.

Lisa Morrison – Press and Communications Manager

020 7654 5812 / 07717682221

Allan Williams – Press and Communications Officer

020 7654 5813 / 07825746812

The British Chambers of Commerce (BCC) is the national voice of local business.

The BCC sits at the heart of a powerful nationwide network of Accredited Chambers of Commerce, serving over 100,000 businesses across the UK, which employ over five million people. For more information visit: www.britishchambers.org.uk