Businesses set for broken promises from Government this Christmas

19th December 2022

Urging Government to provide certainty to businesses on energy support ahead of Christmas, BCC Director General, Shevaun Haviland, said:

“Just over a month ago, the Chancellor promised businesses that they would receive a plan on the future of the energy support package before the end of the year. With 24 hours left until Parliament rises, businesses have one simple question: ‘where is this plan’??  

“According to a recent BCC survey, almost half (47%) of UK SMEs said they will find it difficult to pay their energy bills when Government support ends.  

“Firms deserve far better from Government than broken promises for Christmas during these incredibly difficult times. They now face an anxious and uncertain festive period, unable to plan for the New Year.?  

“The Government has repeatedly assured us of their commitment to confidence and stability. However, their failure to stick to their promises and provide businesses with the certainty they need does not fill anyone with confidence, nor does it promote stability. 

“Government is now left with two options. They can pull a rabbit out of the hat and come up with a plan before they break for Christmas. Or they must explain why they are leaving businesses in the dark. 

“Without a clear plan before January, many businesses will be left vulnerable to extortionate prices at the end of March, especially SMEs and energy intensive businesses.?Those businesses will have no choice but to start preparing their?workforce for potential redundancies, leaving employees vulnerable and weakening the economy further. 

“Now more than ever, we need to provide businesses with confidence so they can invest, grow and power the much-needed recovery of the UK economy in the months ahead.” 

You might also be interested in

Local Businesses List Cleanliness, Safety and Retail As Their Top Priorities For Improvement in South Yorkshire’s Civic Centres

Mon 8th July 2024

Safety, cleanliness and the quality of retail have all been cited by South Yorkshire businesses as top priorities for their local urban cores. This is according to the recently-published findings of the Town and City Centre Survey.

BCC Quarterly Economic Survey: Business Confidence Continues To Tick Up in Q2

Mon 8th July 2024

The BCC’s Quarterly Economic Survey – the UK’s largest and longest-running independent business survey – shows measures of business confidence and business conditions slightly improved in Q2 2024, albeit from a very low base.

Bank Seeks Further Evidence Before Rate Cut

Mon 1st July 2024

David Bharier, Head of Research at the British Chambers of Commerce reacts to the Bank of England’s latest interest rate decision


Mon 1st July 2024

Director General of the BCC, Shevaun Haviland, has urged the next Government to stop treading on eggshells around trade with the EU if it wants to grow the UK economy.