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Chancellor Rishi Sunak is preparing his second budget.
- Credit: PA
Don t forget the East today! That s the message from businesses across Suffolk and Essex to Rishi Sunak as he prepares to outline the route out of the Covid-led recession in his budget speech to MPs today.
Fightback East
- Credit: Archant
Business leaders need him to carry on with the support they have have been offered since the economy first went into recession during last spring s lockdown - and has remained in the doldrums as restrictions have remained in place for a year.
Meanwhile, the two largest towns in Suffolk are anxiously awaiting news on their bid for government support for finance to help them make major improvements.
We are pleased that the Chancellor has delivered the vast majority of our immediate requests and those of our members, including an extension to the furlough, self-employed, business rates relief and VAT deferment schemes. We are also relieved that the increases in corporation tax will not take effect until 2023. Lobbying by Suffolk Chamber and other chambers across the country has clearly and demonstrably worked.
David Burch, director of policy at Essex Chamber of Commerce, however, sounded a more cautious note.
He said: As with all Budget announcements the devil is always in the detail but there is plenty for businesses in Essex to welcome from today’s announcements.