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East Midlands Chamber News

Rousing rhetoric but PM lacked hard facts


Reacting to Prime Minister Theresa May’s speech to the Conservative Party Conference, Scott Knowles, Chief Executive at the Chamber, said: “There was some rousing rhetoric in her speech but it was short on hard facts.


“She said she wanted to back business and said Britain would have the lowest corporation tax in the G20, meaning that under her Government Britain would be open for business beyond Brexit. That’s good, but we need more.


“We need a full review of business bureaucracy in this country, starting with the broken business rates system so that businesses don’t have to face huge upfront costs that take no heed of ability to pay.


“We need proper and equitable investment in infrastructure, beyond even that which was mentioned by the Chancellor in his speech to the conference.


“We need closer ties between education and business so that school leavers are equipped with the skills employers need, not just qualifications designed by academia and of little value in the real world.


“And Mrs May said that at next year’s spending review people will see that austerity has worked, that there is a light at the end of the tunnel and that spending will start to go up - because people need to know austerity is over and their hard work has paid off.


“The proof will come however, only when the Government’s actions match her words.”