"Firms across Scotland are ready to invest and grow, but a complex and costly policy environment is holding them back. We hear all too often that firms want to invest in their premises and people, but that the spiralling cost burden has seen investment intentions shelved. This Chancellor needs to make this Budget a turning point for businesses. The measures we've outlined will unlock investment, drive innovation, and create jobs in every region of the UK. Bold, evidence-led decisions today will secure growth and prosperity for decades to come."
"The message from Scotland's business community is clear: we're ready to invest, innovate, and create jobs. Now we need a Budget that matches our ambition, and takes the necessary steps to restore business confidence. With the Scottish Budget due in January, we urge both governments to work together to deliver a settlement that unlocks the full potential of Scotland's businesses."
The Scottish Chambers of Commerce warned Rachel Reeves ahead of the Autumn Budget that hiring costs are through the roof. The business network urged the Chancellor to use the 26 November Budget as a turning point because firms face a perfect storm of rising costs. An economic survey found business confidence at an all-time low, high uncertainty, and investment on hold. Firms across Scotland are ready to invest and grow, but a complex and costly policy environment is holding them back. Spiralling cost burdens have caused many businesses to shelve investment intentions. Calls are made for measures to unlock investment, drive innovation, create jobs, and for UK and Scottish governments to coordinate ahead of the Scottish Budget in January.
Read at London Business News | Londonlovesbusiness.com
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