Responding to latest GDP figures, which indicate that the UK economy grew by 0.3% in November, Muniya Barua, Deputy Chief Executive at BusinessLDN, said:
“It’s encouraging to see that the economy returned to growth in November, despite Budget uncertainty weighing on business activity.
“Accelerating delivery of major transport projects that can unlock sites for housing, rethinking changes to the business rates system that will add to spiralling operating costs, and ensuring the proceeds of any new overnight stay levy in London are used to promote growth will help build momentum and ensure this isn’t a one month wonder.
“In the meantime, our new Growth Commission will identify further short-term measures the Government can take to shift the dial on growth and boost investor confidence.”
Our new Growth Commission was launched in December — find out more.