Chamber comments on the post-Brexit budget

Picture: Malcolm Wells

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THE Autumn budget is fast-approaching and the executive chairman of Hampshire Chamber of Commerce Ross McNally is calling for ‘business investment’ post-Brexit, warning the chancellor not to become distracted.

He said: ‘It’s vital that the chancellor is not distracted from tackling the fundamental issues that affect job creation, productivity and growth.

‘He must focus on creating an economy that can attract investment, talent and world class innovation.

‘Companies are increasingly absorbing more costs through the National Living Wage, Apprenticeship Levy, Insurance Premium Tax and pensions auto-enrolment.

Mr McNally said that adding further costs would hurt our thriving economy.

He added: ‘Tax collection should be focused around performance and sharing in success, not stifling enterprise before it gets going through heavy upfront costs.

‘Improving rail and road transport in Hampshire is a top priority,

‘Better transport links help businesses to make connections to markets, spurring job creation and boosting business confidence.’