Pictured: Michael Ward
Business leaders welcomed the drop in inflation figures to 5 per
cent and say it is a step in the right direction.
Birmingham Chamber of Commerce Group says that in the face of
faltering growth low interest rates are also important for
exporters.
With poor employment figures anticipated this week, all eyes are
on the Autumn Statement. The Chamber is supporting businesses
by urging the Chancellor to take immediate action to reduce red
tape and to consider tax cuts, including the 50p income tax
rate.
Michael Ward, president of Birmingham Chamber of Commerce, said:
"If introduced, such a package of measures would provide a
desperately needed boost for the UK economy.
"Investment will help create jobs if we can unlock burdensome
regulations and an uncompetitive tax system."