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While investments announced today will take time to bed in, Government should consider other action that will relieve immediate pressures, particularly on smaller businesses. This should include an urgent review of the shortage occupation list to allow for short-term visas in key sectors, and an SME energy price cap.
The Chancellor has listened to Chambers’ long-standing calls for changes to the business rates system and this will be good news for many firms.
While businesses support the minimum wage, the size of this increase – with less than six months’ notice - will cause significant concern, especially with so many smaller firms already struggling.
Improving the quality and reach of early-stage finance is crucial for levelling up economic opportunity across all nations and regions of the UK
