New Chancellor Rachel Reeves has unveiled plans to plug the Treasury’s “black hole” of finances in a speech this week.
Though members of the Chambers Finance & Economy committee have back the BCC’s plea for great clarity when it comes to the solutions she has outlined.
While the group agrees measures need to be made, they were eager for infrastructure plans which are due to be scrapped to go ahead in order to grow the economy.
Director General of the BCC, Shevaun Haviland said: “Firms will welcome the Government’s commitment to economic growth and will quickly want to get full sight of an industrial strategy to deliver this. They will want to know which projects will be cancelled, as maintaining momentum around business confidence is paramount.
“The best way to grow the UK economy is by giving firms the financial headroom to expand. Firms need the capacity to invest in their businesses, workforce, local communities and the wider economy.”
