BCC Press Release: Director General of the BCC Reacting to the Chancellor’s speech
British Chambers of Commerce have published a Press Release. Reacting to the Chancellor’s speech setting out his vision for economic growth, Shevaun Haviland, Director General of the BCC, said:
“The Chancellor is right to be optimistic for the future of British businesses which are desperate to grow and prosper.
“Our Chamber Network is jam-packed with innovative and forward-looking firms. They are developing new products and services that can sustain our economy for years to come.
“But beyond pledges to introduce Investment Zones and to use reform of Solvency II to unlock capital there was very little meat on the bones of the Chancellor’s vision.
“While wholesale energy charges might now be starting to fall, the reality is that thousands of businesses were locked into new contracts last year at prices that will remain far higher for months to come. This will be unsustainable for many and must be addressed.