The British Chambers of Commerce, which has a presence in every region of the UK and represents some 50,000 businesses, is presenting itself as a “natural” delivery partner for incoming Prime Minister Andy Burnham’s economic growth agenda
One of the UK’s most prominent business organisations is positioning itself as a delivery partner for Andy Burnham’s economic agenda as the incoming Prime Minister vows to deliver “growth in every postcode”.
The British Chambers of Commerce, which operates across every region of the UK and represents approximately 50,000 businesses, is putting itself forward as a “natural” collaborator on the former Manchester Mayor’s plans as he seeks to shift power away from Westminster.
Prior to his move into Downing Street, Burnham has pledged to “rewire the state” through devolution, boost youth employment and reindustrialise Britain, partly driven by a new ‘Number 10 North’.
However, the British Chambers of Commerce has cautioned the incoming Prime Minister that he “will face the same fundamental challenge as Keir Starmer and Rachel Reeves” in driving economic growth. The organisation has urged Burnham to draw upon its extensive network to realise his ambitions.
“We’ll be reinforcing how Chambers are a natural delivery partner for growth-focused projects ‘in every postcode’,” Kate Shoesmith, Director of Policy at the British Chambers of Commerce, told City AM. “Our network is already delivering Local Skills Improvement Plans in 33 areas of England, a successful example of Chamber leadership.”, as reported by City AM.
Shoesmith added that the new Prime Minister must show “that he backs business from day one”.
Burnham will take the reins of an economy in which business confidence and investment have cratered in recent months. The Institute of Directors’ monthly business confidence survey revealed a sharp decline in economic sentiment among company bosses in June.
Directors also expressed greater pessimism regarding their own firms’ outlook and future revenue, with sales expectations falling to their lowest point this year.
Meanwhile, available positions in London fell by five per cent in the second quarter compared with the opening three months of the year, according to the latest employment monitor from recruitment firm Morgan McKinley.
Separate findings from the British Chambers of Commerce (BCC) revealed that fewer than a quarter of businesses intended to grow their headcount in the months ahead, while just over one in 10 were considering reducing their workforce.
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