Responding to new ONS inflation figures, which show that the consumer prices index rose by 3.8% in the twelve months to August, Muniya Barua, Deputy Chief Executive at BusinessLDN, said:
“Rising prices and economic uncertainty are stifling business investment and hiring right across the UK.
“The Autumn Budget must help to alleviate the cost of doing business whilst crowding-in private sector activity to achieve the Government’s growth mission.
“Working with firms to deliver major infrastructure projects that can unlock sites for new homes, including extending the Docklands Light Railway to Thamesmead, scrapping the tourist tax which reduces the UK’s appeal as a visitor destination, and abandoning proposals for a new levy on international students to protect the competitiveness of our universities would all help make the Government’s growth ambitions a reality.”