North East England Chamber of Commerce’s quarterly economic survey shows a significant improvement in business performance and confidence for the first time in more than 12 months. The results show UK sales and orders indicators had risen by 16.2 points and future profitability was also up at 34.1 compared to 20.8 in the last quarter. Lesley Moody, Chamber President (AES Digital Solutions) said: “The continued easing of restrictions and the successful implementation of the vaccine programme has allowed more businesses to return to something akin to normality and gives us hope for the future. “The headline figures presented in this report are a reflection of the continued resilience, ingenuity and determination of our business community to succeed, no matter what is thrown their way. While many obstacles remain, we must ensure these qualities are capitalised on to build a sustainable, long term recovery.”
How to get your hands on free compost as 40 tonnes on offer in gardening initiative
Green-fingered Teessiders can get free compost this week from site on Haverton Hill Road
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Free compost is available this week for Teesside’s green-fingered growers and sowers.
Thanks to recycling experts, Scott Bros, over 40 tons of high quality compost has been donated for gardens, allotments and window boxes alike.
AHEAD of the Budget tomorrow (Wednesday) businesses across the North East have voiced what they want the Chancellor to announce, including a balance between tax rises and for a fairer furlough scheme to continue. John Elliott, chairman of County Durham-based Ebac Limited, said: “The Chancellor needs to think radically, but simply. Make tax easier to collect and much more difficult to avoid; replace corporation tax with a turnover tax and replace income tax with sales tax. This could add billions to the Chancellor’s coffers, particularly from those giant entities that avoid paying their UK taxes. “Rather than making growth the Holy Grail, focus on supply rather than increasing demand to balance the books. It should be more profitable to invest in real businesses than buying shares on the stock market and we should encourage internal investment rather than inward investment. We will never have a strong economy without a solid, British-owned manufacturing base.”