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Northamptonshire Chamber

AUTUMN STATEMENT: Initial reaction from Northamptonshire Chamber of Commerce

Posted: 03/12/14 by Northamptonshire Chamber

Paul Griffiths, Chief Executive of Northamptonshire Chamber of Commerce:

"The Chancellor of the Exchequer's final Autumn Statement before the 2015 General Election goes some way into addressing the concerns of businesses and improving the conditions for growth.

"In delivering his statement on the Government's future spending plans, the Rt Hon George Osborne announced more help for small businesses by doubling business rates relief for a further year, and an inflation-linked increase in business rates capped at 2%.

"This is positive news however we need a solid commitment from the Government for a full review of the out-of-date business rates system, something which the British Chambers has long campaigned for.

"It was also good to hear the Government extend its Funding for Lending Scheme to increase bank lending to firms for another year, maintain the cut in fuel duty and a £45million package for exporters but we need more detail about how this funding will help our international traders.   

"What we need is pro-growth policies which go beyond the General Election and support the ambitions of businesses which will in turn bring wealth and prosperity to Northamptonshire."

Click here to view Paul Griffith's comments on the key announcements for business 

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