NTIA Says No Time for half measures from the Chancellor on Business Support

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Michael Kill CEO NTIA Says

“The industry is anxiously awaiting the next statement by the Government, with the fate of the sector in the hands of the Chancellor and the makeup of the long awaited support package for businesses.”

“As the first major announcement of the Prime Minister and Chancellor’s tenure, the Government must not fail the businesses by delivering in half measures, as was seen in the early stages of the pandemic.”

“We have no time to drip feed support, or await the impact assessment of incremental measures, this needs to be a concise and immediately accessible package, which is scalable.”

“The Chancellor must tackle the current cost inflation crisis head on, with a support package which will see a reduction in VAT, extension of business rates relief and implementation of an energy cap for small medium enterprise businesses.”

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