Business Need Concrete Plans To Grow Economy

Dr Ian Kelly Chief Executive Hull & Humber Chamber of Commerce

RESPONDING to the Prime Minister’s Plan For Change, announced this morning, Shevaun Haviland, Director General of the British Chambers of Commerce, said:

“It was good to hear the Prime Minister double down on his commitment to grow the economy and highlight the importance of reforming the planning system. 

“The target of 150 new infrastructure projects is one that business will welcome, with its potential to boost regions and reinvigorate supply chains. But there is still a huge gap between the what and the how and when. 

“With a bruising budget forcing many firms to revisit their investment and hiring plans, the pathway to this promised growth needs to accelerate. 

“The cost-of-living crisis and the cost of doing business - are two sides of the same coin. They can’t be dealt with in isolation. Boosting private sector investment is fundamental to improving the cost of living.  

“That’s why it’s crucial that Government creates the right conditions for businesses to stay competitive and grow in communities across the UK.” 

Dr Ian Kelly, Chief Executive of Hull and Humber Chamber of Commerce added:

“In Hull and the Humber we very much share BCC’s perspective on drawing in private sector capital delivering on infrastructure projects which matter to our greater economy. 

“But as we said to the Grosvenor of the Bank of England when he came to Grimsby.  The supply chain of small firms is under enormous pressure since the budget and the government must also think about how the small entrepreneurs can benefit as well as the big businesses that can often last longer in the face of financial challenge.”