Reacting to the Chancellor’s pre-Budget news conference this morning, Jonny Haseldine, Head of Business Environment Policy at the British Chambers of Commerce, said:
“Business shares the Government’s ambition to grow the economy, reduce inflation and boost productivity. However, none of that is possible if costs continue to pile up on firms.
“That’s why our message is clear – no more tax on business. The Chancellor spoke this morning about choices, hitting firms in the pocket once again would be the wrong choice.
“Our latest research shows business confidence and investment levels continue to suffer. A fifth of firms are expecting lower turnover for the next year, and a quarter have scaled back investment plans.
“Improving the business landscape requires a Budget that boosts trade, tackles the skills problem and turbocharges infrastructure.
“Firms across the UK are already feeling bruised and many are struggling to keep their heads above water. November 26th is a make-or-break moment for British business – the Budget must deliver.”
More detail on the BCC’s Budget asks can be found here.