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Chamber urges simple help for firms

A business lobby group is urging the Chancellor to avoid a myriad of new initiatives in his forthcoming Autumn Statement.

The Mid Yorkshire Chamber of Commerce said new initiatives were often poorly communicated and expensive to deliver.

Instead, the chamber says existing schemes can be more effective and more readily deployed to simplify the help given to business.

Head of Policy Steven Leigh, in the chamber’s submission to George Osborne, highlighted areas for action.

These are:

Boosting exports through targeted tax incentives to reward new exporters.

Kick-starting regional economies with an outline of infrastructure spending to narrow the gap between the south east and the rest of the UK.

Addressing skills shortages by reviewing education with the aim of providing a long-term supply of appropriate skills for businesses to tap into.

The Chamber said it was imperative short-term action is taken to prevent stagnation and boost business confence.

Mr Leigh said the flow of information from the Chamber of Commerce Network suggested business conditions remained challenging and uncertain.

“Regular themes include cashflow problems resulting from patch orders and late payment, weak consumer demand and intense price competition,” he said.

There were limited success stories - and a single three month period of growth - but much work needed to be done for real and long-lasting recovery, according to Mr Leigh.

 

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