SCC response to PM’s statement

Date Posted: 14 Oct, 2022

Responding to the Prime Minister’s statement this afternoon, Charandeep Singh BEM, Deputy Chief Executive, Scottish Chambers of Commerce, said: 

“Scottish businesses have been urgently looking for the UK Government to address ongoing economic challenges and uncertainty, and to provide firms the clarity and support that they need to make it through the growing cost emergency.

“The instability of recent weeks has frozen investment and impacted livelihoods, it was therefore critical that the UK Government responded to the concerns of business and the markets.

“Businesses always seek a lighter tax burden but the priorities that are on the top of our agenda are rocketing energy and fuel bills alongside rising inflation and interest rates.

“The UK Government must now prioritise restoring fiscal credibility to give businesses and investors confidence to invest, as well as a longer-term plan to support businesses through what will be a challenging winter.”