Osborne2

Spending Review: Chamber Reaction

A summary of the highlights of the Chancellor’s Autumn Statement can be found here.  Reaction from the Chamber President are below.

An alternative document breaks the announcements down into categories here.

York & North Yorkshire President Ed Everard said:

“The announcements made need to be backed up with delivery mechanisms, of course, and that will rely on those OBR (Office for Budget Responsibility) figures and forecasts remaining accurate.  Local authorities like York Council will be relieved that the cuts are not greater, and the prospect of retaining money gained from selling property is promising.  It’s good news that York Central is to become a designated enterprise zone – it should unlock fresh investment, create jobs and provide additional funds to the local authority.

“Protecting the schools budget is a good decision too – young people are our future and so we need to invest in them.  One concern will be the 15% cut in DEFRA’s budget, which might have implications on some of our rural businesses in North Yorkshire.”

Written on 26th November 2015Mike Cartwright. Published in Economy, Lobbying, News story1