Responding to the Chancellor’s Spring Statement, BusinessLDN’s Chief Executive John Dickie, said: “The Government is right to focus on maintaining stability in a volatile and uncertain world.
“This approach is starting to bear some fruit with Office for Budget Responsibility forecasts showing more breathing room against the Government’s fiscal rules. But growth is set to remain anaemic over the coming years and the Chancellor needs to redouble her efforts to get the economy moving quickly.
“The Government has made the right calls in speeding up the planning system, modernising housing regulations and committing to replacing outdated Business Rates. These reforms need to move at the pace and scale to unlock private investment now.
“Our Growth Commission will shortly set out further measures the Government can take – with real commercial edge – that will shift the dial on growth fast.”
Find out more about our Growth Commission here.