Calls for supportive Budget
FINANCE: The Hull & Humber Chamber Of Commerce is calling on Chancellor George Osborne to respond boldly to the Lord Heseltine Review in his Budget to help create an environment of enterprise and investment to boost business confidence in the Humber region.
The Chamber is actively involved in the Heseltine Review pilot in the Humber to promote localism in the regions.
Lord Heseltine has agreed to get involved with the two pilots on implementation if the Chancellor responds positively to his recommendations, which are likely to be announced in the Budget.
Dr Ian Kelly, chief executive of the Chamber, said: "If the Budget genuinely kick-starts the process of greater localism Lord Heseltine has talked about in his excellent report, we are keen to be part of it.
"All local stakeholders could find themselves in a very changed environment and it is vital in the Humber that what emerges, is ambitious, private sector friendly, and able to generate real change and growth.
"The A160 link road and Castle Street, in Hull, would improve the region's infrastructure on both banks of the river and stimulate growth.
"A freeze, or below inflation increase in business rates for three years would also help many local firms in the Humber plan their costs more effectively. "We think the 2.6 per cent rise scheduled for April this year should be cut or scrapped."