Wednesday 11 March 2020
Richard Burge, Chief Executive of London Chamber of Commerce and Industry, said:
“Businesses will be pleased to see the Chancellor announce a pragmatic range of measures, especially on business rates relief, which help to take the pressure off of their cashflow whilst coronavirus brings detrimental economic impact.
There is also vital statutory sick pay support proposed for those individuals and businesses who fall unwell with coronavirus.
Beyond coronavirus, it’s welcome to see the Government again commit to a full review of the business rates system, as it’s needed in order to match up our taxation system to the modern world of doing business.
It’s also welcome to see the Government’s commitment to investing in the infrastructure of regions right across the UK, as to fully maximise the opportunities of Global Britain we need all regions flourishing and working harmoniously.
The capital’s businesses will now be looking to the Spending Review & Budget for infrastructure investment that ensures that levelling up the UK doesn’t mean London falls back – as its global economy is key to driving the UK’s post-Brexit future.”
ENDS.
Media contact:
Steven Reilly-Hii
T: +44 (0)207 203 1897
M: +44 (0)7827 241528
E: sreilly-hii@londonchamber.co.uk