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Budget 'uninspiring' - Somerset Chamber of Commerce

By jspiteri  |  Posted: March 25, 2014

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The Chancellor’s Budget announcements are uninspiring for Somerset businesses, according to the CEO of the Somerset Chamber of Commerce.

Following the Chancellor’s speech on 19th March, Rupert Cox said, “The headlines from this year’s Budget are uninspiring for Somerset businesses, with the Chancellor tinkering around the edges of the economy to grab a few tabloid inches.

“We are disappointed that he did not address the underlying inequality around business rates, and did not recognise the business community’s Churchillian efforts in helping to get the economy back into sustained growth. Help with the easing of employment tax – employers’ National Insurance contributions and cuts in excise duties – would have helped stimulate the economy further and encouraged even greater employment opportunities.

“While we welcome additional flood defence funds, we are concerned that the Thames Valley will grab most of it – especially as we enter an election year, and we would like to have seen a real financial commitment to investing in the improvements along the A303 corridor.

“This Budget was a lost opportunity for the Chancellor to prove that he understands the plight of small businesses in Somerset and across rural England.”

The Somerset Chamber of Commerce represents and works collaboratively with the Somerset business community to encourage strong, sustainable and creative alliances that promote members’ businesses, raise the profile of the county, and help to lobby for greater influence for Somerset at all levels of government.

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