Chamber CEOs tell Chancellor ‘Now is the time to talk investment’

November 23, 2023

The Chief Executives of 37 Chambers, representing over 35,000 businesses, have called on the Chancellor Jeremy Hunt to use next week’s Autumn Statement to offer ‘much needed solutions to Britain’s investment problem’. 

In an open letter, organised by the British Chambers of Commerce, the business leaders say “For local economies to thrive, they need business investment, but this has been too low for too long’.

The CEOs ask the Chancellor to “tackle the fundamental issues inhibiting growth” in his statement.

The letter reiterates the BCC’s call for action on three key policy issues:

 

• Overhaul the planning system

• Upgrade the electricity grid

• Make full expensing permanent

The local Chamber leaders tell the Chancellor “through making these policy changes, we believe it will send a strong signal that Britain is open for business”. They conclude by saying “now is the time for Government to act”.

Read the full letter here.