Commenting after the Chancellor’s Spring Statement, Suzanne Wylie, Chief Executive, NI Chamber said:
“After 9 in 10 of our members found themselves under pressure to raise prices because of the Autumn Budget, it is welcome that there are no further tax rises in today’s Spring Statement.
“Business urgently needs an injection of confidence to drive investment and stimulate growth. While instilling that confidence against a backdrop of geopolitical uncertainty and rising fiscal pressures is not an easy task, we need government to be courageous in driving economic momentum.
“With challenging forecasts and UK exports falling significantly, stimulating growth demands a bold approach from government. It has a difficult hand to play, but there are a host of opportunities in the near-term that can deliver meaningful economic gains. Whether that is the new Industrial Strategy, the AI Action Plan or the UK-EU reset, government must take every opportunity to eradicate red tape, drive innovation and rebuild a strong investment proposition.”
