North East Chamber of Commerce announces hopes from the Chancellor's Spring Statement

The North East England Chamber of Commerce has announcemented what it wants to see in the Chancellor’s Spring Statement on March 23.

John McCabe chief executive, North East England Chamber of Commerce said: “Many businesses are still recovering from the economic shock of the pandemic and now they’re facing sharply increasing energy prices, raw materials costs and other inflationary pressures.

“This all adds up to a very sudden and very significant cost of doing business crisis.

“We hope the Chancellor will acknowledge this in his statement and will take whatever steps are necessary to ease the current pressures facing business. That’s how we’ll protect jobs and stimulate growth.

John concluded: “The economic recovery from Covid is long, slow and fragile and it will be placed at great risk unless the Chancellor listens to business during yet another period of uncertainty.”

The Chamber policy team will be analysing the Spring Statement and issuing a response to what it contains.