NEWS

Budget must boost UK business

The Autumn Budget must sharpen the UK’s competitive edge to stay ahead of the pack in an increasingly dog-eat-dog world, says the British Chambers of Commerce (BCC).

The BCC is calling for immediate action to cut the costs deterring investment, simplify regulations to unleash business and update its strategic offer.

The business group makes over 40 recommendations in a new report.

These include committing to no further increase in taxes that add to labour costs.

It also wants to see the axing of the windfall tax on oil and gas to address energy costs for business and the government providing a clear strategy for the North Sea’s transition to a renewable future.

In addition the BCC says the Budget should put rocket boosters under our economic diplomacy to unlock the full potential of ‘Brand Britain’.

Shevaun Haviland, Director General of the BCC, said: 

‘There is also growing speculation about what’s coming in the Autumn Budget, which is still weeks away. This is eroding business confidence further as the government’s messaging of ‘tough choices’ adds to the fear.

‘But the Budget can be the decisive moment we need to back British business and put the economy on the front foot.

‘The UK is bursting at the seams with innovative ‘can-do’ businesses that are eager to grow and make the most of the UK’s extraordinary talent, creativity and technical expertise.’

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13/10/2025