Commenting on today’s Autumn Statement, Liz Maher, President of the South & Mid Wales Chambers of Commerce said:
“The Chancellor’s attempts today to support businesses through innovation and infrastructure should be welcomed.
“The rise of £400m available to the Welsh Government and the confirmation of the Swansea City Deal are particularly important for Welsh businesses. The Swansea and Cardiff city deals have the potential to transform the economy of South Wales but it is very important that the business community now sees real action and, importantly, real engagement of business in moving these initiatives forward.
“It is now over to the Welsh Government and local authorities in Wales to use that money to support businesses here. We need to see improved transport links in to West Wales, investment in developing workforce skills and increased support for businesses looking to grow, particularly through export.
“The freeze in fuel duty will help support businesses reliant on transporting goods, particularly with the potential for price rises due to the fall in the pound. Philip Hammond was also right to stick to existing plans regarding Corporation Tax which will encourage inward investment in to Wales. However, we would have liked to have seen more action on the high up-front taxes and costs of doing business in the UK.”
See the British Chamber of Commerce response here