British Chambers of Commerce seeks 'immediate' improvement in EU trading relations after election
Business rates reform and improved trading relations with the EU should be among the top priorities for the next Government, the British Chambers of Commerce has said.
Launching its own ‘Election Manifesto’, the trade body listed changes to business rates and better relations with the European Union to cut costs for businesses as among five key policies it believes require immediate action from the winners of the next election.
It said rates should be reformed to encourage investment and growth, with annual revaluations introduced.
The BCC’s other asks include a new industrial strategy focused on green innovation, improved skills planning and the introduction of a Government appointed AI champion for SMEs to spearhead uptake of new technology.
Shevaun Haviland, Director General of the BCC said: “A General Election is an important time for our country, our economy and our businesses.
“The companies we represent are the drivers of economic growth and the employers of millions of people.
"They need to know that politicians have got their back.
"Once the votes are counted – we want government to know how to help business. Our five-point-plan is clear.
“As companies play their part in the UK’s net-zero journey, we desperately need an industrial strategy with green innovation at its heart.
“Firms are constantly telling us they can’t get the skills they need.
"We need better strategic planning on skills that helps business and training providers work together.
“In local communities, firms are crying out for a fairer business rates system. Over a quarter (26 per cent) of companies told us earlier this year they’d changed plans to upgrade or open premises because of the system.
“The EU is the UK’s biggest market, so we urgently need to get a better trading relationship with our closest neighbour.
"It’s not about rewriting the referendum result, it’s about cutting red-tape and promoting trade.
“The world of AI has huge potential to boost economic productivity. But it’s important that SMEs aren’t left behind, or vulnerable, as new technology accelerates. A Government appointed AI champion will help spearhead a boost in AI uptake by SMEs.
“We believe our 5-point plan creates an immediate pathway for a new government, of whatever party, to help businesses succeed. When business succeeds, the country succeeds.”
Baroness Martha Lane Fox, President of the BCC said: “In the frenzy of the election campaign, it’s crucial that all politicians focus on the power of British business.
“As I travel across the UK meeting Chambers and their businesses, I hear amazing stories of people determined to grow their businesses and make a difference in our remarkable country. But time and again businesses tell me they want to see a long-term vision for the economy.
“Our manifesto showcases practical ideas on how politicians can help companies successfully navigate the challenges and opportunities our economy faces.
"It’s a blueprint for boosting productivity and a pathway to higher growth.
“Whichever party is in power after July 4 the immediate focus must be on implementing our five-point-plan for business.
"The stakes for business from the next government could not be higher.”