Budget 2020: Chamber Reaction & Key Points

Chamber Reaction to the 2020 Budget: “Businesses will be buoyed by some of the Chancellor’s announcements.

There are still some real challenges facing business and the economy, not least the rapid spread of coronavirus, and so measures to help business tackle those hurdles are welcomed. “Support with statutory sick pay, additional lending and the one-year business rate holiday for smaller firms is welcomed – these will assist cashflow. Improved investment incentives and committed infrastructure spending will help businesses to grow over the long-term.

“We also welcome initiatives such as creating or moving government department jobs to the North, support for home-building, and broadband and mobile network improvements. “And, finally, we welcome the announcement of a devolution deal for West Yorkshire – it’s been a long time coming and our region has some catching up to do!”

Click here for key Budget points

Related content

Business survey shows encouraging outlook

By Head of Representation | 11 April 2024

York & North Yorkshire Chamber gives strong backing for Pavers expansion plans

By York and North Yorkshire Chamber President | 2 April 2024

Old York meets New York!

By York and North Yorkshire Chamber President | 25 March 2024

Interest rate uncertainty for businesses

By Head of Representation | 22 March 2024

Bradford Forster Square Station – new platform update

By Head of Representation | 21 March 2024

Inflation falling is welcome news for business

By Head of Representation | 20 March 2024