Commenting on today’s Autumn Statement, Nick Hyde, Policy Manager, from the North & Western Lancashire Chamber of Commerce, said:
“The Chancellor has listened to the calls from the Chamber of Commerce to help Lancashire businesses deal with the current economic climate. The decision to make ‘full expensing’ permanent will be welcomed by companies wanting to invest in their business and something the Chamber has been lobbying the government for.
“Many of our members will also welcome the planning reforms and the investment announced into AI, just a week on from Lancashire’s first cyber festival. A two per cent drop in national insurance will also be welcomed by the thousands of hard workers across the county.
“Investing in infrastructure and tax breaks for our manufacturing and leisure sectors will provide a real opportunity to grow and boost our diverse economy. Not only our economic landscape will prosper but there’s also good news for our high streets and the self-employed.
“Today is a step in the right direction for business but more needs to be done to steady the ship in uncertain times.”