Business leaders call for stability after Chancellor's statement
Business leaders have issued fresh calls for stability after the Government scrapped almost all of the tax measures it announced in its mini-budget three weeks ago.
Richard Sheehan, chief executive of Shropshire Chamber of Commerce, said the Government’s ‘chop and change’ economic plans was making it difficult for businesses in the region to plan for the future.
It comes as new Chancellor Jeremy Hunt dramatically scaled back support for household energy bills and ditched tax cuts promised by his predecessor, Kwasi Kwarteng, as he seeks to restore stability following weeks of turmoil on the financial markets.
“Businesses crave stability, and need to be able to confidently plan for the future. All of this chopping and changing is making it impossible for Shropshire employers to do this with any degree of certainty," Mr Sheehan said.
“The most worrying aspect of this latest announcement in the decision to strip back energy support from a two-year pledge, to a guarantee which expires in April.
