CHANCELLOR George Osborne must take action on taxation and the banks when he delivers his Autumn Statement, says an employers’ group.
Andy Tuscher, Yorkshire regional director of the EEF manufacturers’ organisation, said that on Wednesday, Mr Osborne must set out the Government’s ambition to create a stronger economy based on increased investment and exports.
He said the Government should take action to support firms looking to invest, export and grow and send a clear signal to them of its intentions.
The EEF’s recommendations to the Government include increasing the support provided by the capital allowances system and increasing competition in the small and medium enterprises banking sector to ensure that companies looking to invest can access funding at the right cost and the right terms and conditions.
Mr Tuscher said: “Boosting business investment, which is still 15% below its pre-recession peak, is critical to growth, the longer-term health of the economy and meeting the government’s £1trillion exports target.”