07/10/11

Commenting on the speech made by the Prime Minister at the Conservative Party Conference today, John Longworth, Director General of the British Chambers of Commerce (BCC), said:

"The Prime Minister’s task was to highlight the need for optimism about the future of the economy, and he delivered on this critical point. Businesses need continuous reassurance that there is a plan for fiscal stability and a clear road map which will steer us towards the sunlit uplands and beyond.

“Business will welcome the Prime Minister’s commitment to cutting red tape, and to get credit flowing to small companies. For too long, these obstacles have hampered companies’ ability to focus on wealth creation and jobs, acting as a distraction and a drag anchor. Furthermore, the solid pledge to reform the planning system will give companies the reassurance they need to expand their premises and invest with confidence.

“Entrepreneurs tell me they want to hear more about how business is good for Britain in the months ahead. The immediate task now facing the Prime Minister and Cabinet is to lay out the route to recovery, with alternative paths at the ready in case of further shocks from foreign shores. Ministers must commit to a ‘Plan A+’ for growth, starting with the Autumn Statement.

“Business wants to know what specific, direct measures will be put in place to encourage investment, grow exports and nurture jobs growth.”

Ends

Notes to editors:

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.

Media contacts:

Liz Larvin
Tel: 020 7654 5813 / 07825746812
Email: l.larvin@britishchambers.org.uk

Lisa Morrison
Tel: 020 7654 5812 / 07717682221
Email: l.morrison@britishchambers.org.uk