• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics Business

Budget 2018: Chancellor must turn warm words for business into action – no ifs, no buts

The UK faces challenges that can only be solved through partnership. In its pre-Budget letter to the Chancellor, the CBI proposes ways to unlock enterprise, increase the country’s competitiveness and attract more investors, all aimed at lifting productivity and sharing prosperity. This is particularly important as the UK has the lowest level of business investment […]

Joe Mellor by Joe Mellor
2018-10-09 00:53
in Business, News, Politics
FacebookTwitterLinkedinEmailWhatsapp

The UK faces challenges that can only be solved through partnership. In its pre-Budget letter to the Chancellor, the CBI proposes ways to unlock enterprise, increase the country’s competitiveness and attract more investors, all aimed at lifting productivity and sharing prosperity. This is particularly important as the UK has the lowest level of business investment as a proportion of GDP in the G7, with the gap widening even further.

To set the UK on the right path, Carolyn Fairbairn, the CBI’s Director-General, urges the Chancellor of the Exchequer to focus on three key areas to unlock growth in her submission ahead of the Budget: reform business rates to ensure firms can invest and grow, build on recent announcements to make the apprenticeship levy work; and improve capital allowances to drive investment particularly in digital and low carbon technologies.

The Budget must also help tackle the immediate impact of Brexit uncertainty. Increasing the annual investment allowance will help lift the fog of uncertainty that is holding back investment, while hundreds of thousands of firms need help planning for the changes ahead. They urgently need a one-stop shop for advice and information as the clock ticks down to March.

Carolyn Fairbairn, CBI Director-General, said:“As we near the end of Brexit negotiations, the world’s gaze is fixed on these shores. This Budget is a pivotal moment and chance to showcase the UK as an open, collaborative and confident nation. Entrepreneurs here and around the world need to see a UK committed to harnessing the power of business to innovate and tackle problems, from sustainability to inequality.

“With skills shortages, uncertainty and the squeeze in incomes on the rise, this couldn’t be a more critical time to plug the drain on the UK’s productivity and deliver prosperity that is shared by workforces and communities across the country.

“The Government must focus its attention on making the UK a shining beacon of enterprise, at the top of every investment league table and known worldwide as a country that attracts, not deters, capital and talent.”

On post-Brexit trade, Carolyn said: “It is fundamental that a Withdrawal Agreement with the EU is agreed. This will provide temporary but essential relief for firms of all sizes. Then attention can turn to the vital task of finalising our future economic and trading relationship with the EU.

RelatedPosts

Penny drops for the Express as ex-Sainsbury’s CEO blames Brexit for rising food prices

Truss set to announce plans to rip up Northern Ireland Brexit deal

The latest ‘Tory budgeting trick’ is an absolute corker

Reporter asks Johnson: ‘You must be furious with whoever signed this deal’

“In order for businesses to navigate the challenges and opportunities of Brexit, they badly need advice and information. The Government should ensure that funds allocated to Brexit readiness are used properly and communicate with business effectively.”

Post-Brexit trade recommendations for the Government include:

  • Invest in an online one-stop shop of advice and information for businesses about leaving the European Union
  • Continue to allocate resources to HMRC for the expansion of the Civil Service to deal with post-Brexit government functions.

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Tories have run up debt in spite of austerity cuts while the rich have doubled their wealth

The Fantasy Football Blog week 21: a heartbreaking farewell

Sturgeon: PM’s spending announcement is just shuffling around money

Outdoor civil wedding and partnership ceremonies given go-ahead

Film Review: Maze Runner – The Death Cure

Plane crash which killed 176, including three Brits, caused by fire, Iran says

Only 3 in 10 Brits now approve of the government’s handling of the crisis

Australia to make Google and Facebook pay for news content

Global warming is changing the colour of the sea

‘Unlawful:’ Fears raised over ‘detention’ of migrant children arriving in Dover

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.