Chamber reacts to Autumn Statement

Wednesday 23 November 2016

The Chamber has reacted to today’s Autumn Statement.

Reacting to today’s Autumn Statement, John Bridge OBE DL, Chief Executive of Cambridgeshire Chambers of Commerce, said:
“Cambridgeshire and Peterborough have been starved of investment in infrastructure for many years and while the investment in rail and road infrastructure announced today is a small but positive step, it’s nowhere near enough to cope with the growth we’ve already had let alone growth we’re continuing to experience and project. The focus on the northern powerhouse shows a worrying lack of understanding in the necessity to invest in success to allow the growth our region has been creating to continue, and we are determined to continue to promote the need for investment across our region.

“We must adequately prepare for the future, and ask why business premises and houses are still being built without access to fibre broadband and why we still have areas of Cambridge without a reliable 3G signal.

“More important than the decrease in corporation tax, businesses would rather they address the increasing cost of business rates, pensions auto-enrolment, national insurance, the apprenticeship levy and other high, up-front taxes and administrative costs.

“Small and medium-sized businesses, while they welcome the small steps that have been taken today, feel the government could provide significantly more support in areas of cost increases highlighted. However, in their usual optimistic fashion, businesses are determined to focus on opportunity, and not uncertainty. The government would be wise to do the same.”

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Informal Networking Evening – Ely
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