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East Midlands Chamber News

Chamber reacts to Queen’s Speech

Reacting to today’s Queen’s Speech, which signalled the state opening of the new Parliament, Scott Knowles, Chief Executive at East Midlands Chamber*, said:

“While there were a number of measures announced in today’s speech which will give businesses grounds for cautious optimism, it was nevertheless an address that was, on the whole, light-touch.

“It was, for example, pleasing to note that the new Government will look at changes to business rates, but businesses will be keen to understand exactly what this looks like in practice.

“The Chamber has long campaigned for a fundamental reform of business rates and anything less than a complete overhaul of the system is just a sticking plaster; we would urge the Government to be bold when reviewing this broken system.

“Commitments to investing in key areas such as infrastructure, skills, climate change and our public services look good on paper, however the devil will most certainly be in the detail as far as business is concerned.

“In a similar vein, while the reaffirmation that the UK will look to leave the EU by 31 January 2020 offers a degree of certainty, we still don’t yet know exactly what our departure will look like – even if the speech did offer some detail in relation to post-Brexit plans, such as the implementation of a points-based immigration system.

“Ultimately, the Government has identified its set of priorities and targets, it must now deliver them. We would urge decision-makers and policy-formers to work much closer with the business community to ensure the future of UK plc is a prosperous one.

“In this respect, the Chamber will continue to seize every opportunity to influence the conversation on behalf of the region and its members.”

 

 

*East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire)

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