Responding to the latest ONS inflation figures, which show the consumer prices index rose by 2.2% in the 12 months to August, Muniya Barua, Deputy Chief Executive at BusinessLDN, said:
“With inflation ticking up and borrowing costs weighing on many firms, the Chancellor must take steps to boost investment and productivity in the forthcoming Budget.
“Measures should include a multi-year funding deal for Transport for London to keep the city moving, making planning reforms a reality and further devolution to support local growth.
“Consulting closely with business on new employment legislation and providing a clear roadmap for its implementation, together with a pathway for the proposed Growth and Skills Levy, would also give firms the certainty they need to invest.”