Chamber of Commerce CEOs Urge Chancellor to Turn Talk into Investment
CEOs of the British Chambers of Commerce (BCC), including Suffolk Chamber of Commerce John Dugmore, have penned a letter to the Chancellor urging decisive action in the upcoming Autumn Statement to address the longstanding issue of low business investment in the UK.
The letter emphasises three key priorities: reforming the planning system to encourage economic growth, upgrading the electricity grid to support businesses investing in a low-carbon future, and making the full expensing policy permanent to incentivize new and increased investments. The CEOs argue that these changes are crucial to providing businesses with the certainty and security needed for long-term investment decisions. The letter underscores the challenging economic climate, with the latest Quarterly Economic Survey revealing stagnant investment and rising concerns about interest rates. The BCC calls on the government to signal commitment to business by implementing these policy changes, fostering an environment that attracts much-needed investment for communities nationwide.