We propose the budget focuses on levelling-up and looking outwards.
Ahead of the UK’s first budget since leaving the EU, we have proposed a series of measures targeted at boosting productivity and business activity right across the UK, while also refocusing and better resourcing efforts to promote and build trade and investment relationships overseas.
Miles Celic, Chief Executive Officer, TheCityUK, said:
The UK economy is in urgent need of a hardware upgrade, as well as improved data gathering tools, if we are to compete in a highly connected digital global economy. To boost wider productivity, the UK should invest in infrastructure which binds our economy together, boosting connectivity across the country and with the rest of the world. There also needs to be a much clearer regional and sub-regional picture of how the economy works, as well greater resources and expertise in place to identify and exploit new trade and investment opportunities.