Pictured: Jerry Blackett
Birmingham Chamber of Commerce Group has pleaded with the
Chancellor of the Exchequer to take urgent action to boost British
businesses and exporters.
The Chamber has written to the Chancellor, George Osborne MP,
ahead of his Autumn Statement on 29 November, which will outline
Government spending intentions prior to next year's Budget.
In the letter to Mr Osborne, Chamber chief executive Jerry
Blackett said that while the organisation was fully behind the
Government's attempts to reduce the UK's multi-million pound
deficit, he believed more could be done to help business.
Among steps proposed by the Chamber are:
• Immediate action to reduce red tape
• Tax cuts, including the 50p income tax rate
• A renewed commitment to the proposed HS2 rail line
The Chamber believes that if introduced, such a package of
measures would be a desperately needed boost for the economy.
Mr Blackett said: "Some of these proposals will, necessarily,
have up-front costs. However, we believe they are necessary
to realise the full potential within the UK economy and release the
jobs and growth currently locked away by a lack of investment,
burdensome regulation and an uncompetitive tax system."
Of the steps outlined above, the Chamber says that regulation
and red tape costs UK businesses billions of pounds each year, and
the Government should introduce a comprehensive deregulation plan
which will cut through the labyrinth of employment and health and
safety laws which are strangling commerce.
On tax, the Chamber is calling for the immediate abolition of
the 50p rate, and also cuts in corporation tax, which it says acts
as a barrier to investment.
The Chamber says that the Government should use the Autumn
Statement to reaffirm its commitment to HS2, which Mr Blackett said
would bring significant benefits, including encouraging investment
away from the overheated south east and into other parts of the
country.
As well as the key measures outlined above, the Chamber also
wants the Government to stand by its proposals to reform planning
laws, which it says will be crucial in creating growth and
prosperity.
The Chamber is also urging Mr Osborne to boost employment, by
providing new incentives for small to medium enterprises to take on
apprentices.
Mr Blackett said: "There appears to be a misconception that
there are no additional costs to employers who take apprentices
on.
"Beyond paying wages, businesses must also provide on-the-job
training and mentoring which takes up valuable time and resources
which affects overall output.
"These associated costs to apprenticeships are prohibitively
expensive for many SMEs who would otherwise want to invest in
up-skilling their local labour market."
The 'wish list' drawn up by the Chamber echoes comments by the
organisation's new president, Michael Ward, who said that it was
imperative that the Government acted decisively to create the "best
possible environment for jobs and growth."