Policy
There are some very important dates in the calendar over the next few months.
None more important for businesses than just before Halloween. And it’ s hoped this year will deliver a treat rather than more tricks.
With an( almost) new administration in charge following a change of PM in the summer, all thoughts are turning to the Budget in late October.
And with the media claiming there’ s not much room for manoeuvring in the Treasury, it could become something of a non-event.
This is not something the business community in Lancashire wants to hear.
Recent Quarterly Economic Survey reports over the past year have shown the economy flatlining with little confidence being shown by sectors that things will improve.
External factors, of course, have to be taken into consideration and with world events moving at a fast pace, no-one is sure what will happen next. Which is another problem when attempting the juggle the numbers for what may appear in the chancellor’ s red briefcase in a few weeks’ time.
One thing is for sure however, businesses may have to brace themselves for further tax rises in a bid to balance the books of a government intent on borrowing more.
Businesses require clarity from government, something they have been asking for many years. The Chamber’ s Budget submission backs this up, requesting a clearer direction on its economic direction, tackling the persistent skills and labour shortages and investment in local infrastructure projects.
When companies have the confidence to invest and grow, the benefits are felt by all. There is a broad agreement by all sectors that government should focus on reducing costs and encouraging investment to improve the country’ s competitiveness.
The autumn Budget is sure to be a must-watch event, and you can do so for free at the Chamber’ s Budget: Live event on the 28th October at Preston North End. Head to the Chamber’ s website for more details or secure your free space by e-mailing nickh @ lancschamber. co. uk
34 | Autumn 2026