BAB welcomes focus on infrastructure and innovation in Autumn Statement
BritishAmerican Business has welcomed UK Chancellor Philip Hammond’s forward looking, business friendly agenda outlined in today’s Autumn Statement.
Jeffries Briginshaw, CEO, BritishAmerican Business said:
“As the first statement of intent from the new Chancellor on behalf of the May Government, we welcome the Autumn Statement, and in particular the Chancellor’s commitment to investing in infrastructure and innovation.
“This forward thinking agenda will help to ensure that not only does the UK remain open for business, but that it has a plan and a path to take.
“Previously outlined cuts to corporation tax rates will continue the aims of the previous Chancellor to create a globally competitive tax environment designed to protect the UK’s position as the number one destination in Europe for Foreign Direct Investment.
“On exports, BritishAmerican Business applauds the Chancellor’s decision to double the UK’s export finance capacity. This will be welcome news for those businesses looking to expand into new regions.
“The Chancellor’s Autumn Statement shows that the government is serious about partnering with business to secure the on-going success of the UK economy.
“Business will welcome the shot in the arm today’s Autumn Statement provides as they deal with the increased challenges, some of which the Chancellor outlined, resulting from the UK’s decision to leave the EU.
“BritishAmerican Business is a transatlantic business committed to working with the Government to champion the UK economy and create an environment that allows our British and American member companies to succeed on both side of the Atlantic.”
