Commenting on the Autumn Statemnet John Dickie, Chief Executive at 91¶¶Òù, said:
“The Chancellor’s medicine for the economy was an attempt to restore confidence and fix the public finances. Such fiscal tightening, though necessary, won’t deliver significant economic growth.
Action on business rates will slightly soften the blow for many firms, particularly in retail and hospitality, but with no clarity on the level of energy support beyond April many will be worried about survival through the winter.
It’s now vital the Government creates the conditions for the private sector to invest to drive growth. This means reforming the Apprenticeship Levy, speeding up the planning system and allowing City-mayors to consolidate their funding streams, so they can spend on what will best drive growth locally. The Government should also get the OBR to review the business case for VAT-free shopping: one of the most immediate benefits of Brexit.â€