Ahead of the Budget next Wednesday (March 21st), the BCC is urging chancellor George Osborne to scrap the upcoming business rate rise, which it claims is "anathema" to growth, and introduce a time-limited £1 billion capital allowance scheme for medium-sized companies.
The body also says the coalition should incentivise employers to take on young people by doubling the amount of money available for employer wage subsidies and funded placements under the new Youth Contract, or alternatively consider making changes to employer National Insurance Contributions for young people.
Commenting on the upcoming Budget, John Longworth, director general of the BCC, said the chancellor faces one of the most challenging Budgets in recent years, and needs to take "bold steps" to create growth in the economy by introducing measures to support business.
"He has to pull out all the stops to boost British business by providing them with a Budget for growth. Firms need an environment in which they can thrive, create jobs, and export our goods and services abroad," he added.
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Posted by John Oak and Wayne Bly
Source: The Sales Director News
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