BCC comments on launch of the Budget process

Co-Executive Director Claire Walker said:

“Businesses will be looking to the Budget to boost confidence and stimulate growth at a time of significant uncertainty for the UK economy.

“Firms of all sizes need to see a package of fiscal measures to alleviate the burden of high up-front costs and boost investment. The Chancellor must outline how he will make good on election promises of a fundamental reform of Business Rates and we also need to see a moratorium on all new up-front costs for businesses for the duration of this Parliament.

“This is the first opportunity for the new government to demonstrate that it listens to business and is serious about tackling the day-to-day challenges holding firms back.”