fbpx

News & Blog

Read the latest business news, blogs and thought leadership articles from our members, as well as updates on the Edinburgh Chamber of Commerce's work in the city.

News & Blog

SCC responds to Chancellor’s Winter Economic Plan

Posted: 24th September 2020

Following the announcement today by the Chancellor Rishi Sunak MP of a new wage support scheme and a package of business lending extension and tax forbearance, Dr Liz Cameron, Chief Executive of Scottish Chambers of Commerce said:

“Hundreds of thousands of jobs in Scotland are reliant on the current furlough scheme so we are pleased the Chancellor has listened to our calls and introduced a new wage support scheme, along with a package of business lending scheme extensions and tax forbearance. This should help save many from losing their jobs completely and lessen the immediate pressure on cash flow for businesses, particularly during what will continue to be difficult trading conditions this coming winter.

“However topping up wages can only ever be a sticking plaster. In Scotland we need a comprehensive plan focused on retraining and upskilling our workforce and investment in the creation of new jobs.

“As a matter of urgency, we need both governments to reduce costs so we are able to invest and start growing our businesses again. We call on the Scottish Government to put a stop on the legislative instrument going through the Scottish Parliament next month which would delay the revaluation of property rates from 2022 to 2023. We must also fast track all construction and infrastructure contracts that can get Scottish businesses building back.

“We need to build confidence for businesses and the consumers that support them.”

Business Comment

Business Comment is the Edinburgh Chamber of Commerce’s bi-monthly magazine. It provides insight on Edinburgh’s vibrant business community, with features on the city’s key sectors, interviews with leading figures and news on new business developments in the capital.
Read more here