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  • Writer's pictureJane Brook

General Election – What Will It Mean For Business?

As the election approaches, we have collated some links to the business priorities that some of our national business networks have identified as critical for the next government. 


Here’s a quick summary of those policy priorities along with links to their full manifestos.


We will also be emailing members very soon with our list of business policy questions that we are proposing putting to each of our parliamentary candidates for Hastings & Rye - for their approval and input.


British Chambers of Commerce


The BCC recognises that businesses of all sizes and sectors are craving certainty on which to base their investment and growth plans; to make decisions on hiring staff and creating new products or selling to fresh markets. Their business policy priorities for the next Government are to:


  • Develop an industrial strategy with green innovation at its heart

  • To create better skills planning, bringing businesses and training providers together

  • To reform business rates in order to encourage growth and investment

  • To improve relations with the EU in order to cut costs for business

  • To appoint an AI champion for SMEs to spearhead the uptake of new technology


 

UK Hospitality


UK Hospitality recognises that the hospitality industry is an inclusive employer for 3.5 million people, providing routes into leadership and skill based careers across the country and society. The industry contributes £140bn in economic activity and £53bn in tax receipts to the economy every year. These are their policy recommendations:


  • Reform business rates to protect our high streets 

  • Reform the Apprenticeship Levy so the sector can train more people 

  • Support businesses with their staff costs 

  • Support green investment in the sector 

  • Reform planning rules, so that hospitality can power regeneration 

  • Reform VAT for the sector to bring it in line with European rivals 


 

Federation of Small Businesses


The FSB recognises that small businesses and the self-employed are at the heart of our economy. They are urging those seeking political office to put forward a compelling pro-small business offer, to support growth, jobs and a brighter economic future. Their recommendations come in the form of five pillars of action:


  • Foundations for Growth: the right tax environment, properly functioning infrastructure and utilities markets

  • Future Economic Expansion: helping small business to grow with emerging technology, investment in product and service development

  • High Streets & Town Centres: the right policy mix to ensure they can thrive

  • Jobs & Skills: listen to SMEs when it comes to recruitment challenges

  • Inclusive Entrepreneurship: minimise barriers to entrepreneurship

 

UK InBound


The UK’s trade association which represents inbound tourism – which is the UK’s second biggest service export sector – has launched its manifesto for growth. It includes seven policy ideas and reforms, highlighting that inbound tourism is an export industry that brings new money into the UK, providing the next Government with growth opportunities. They are calling for the following:

  • Expand and reform the Youth Mobility Scheme

  • Extend passport-free travel schemes for under 18-year olds

  • Create home-grown talent with language skills

  • Enhance the UK’s competitiveness via a reduced-price five-year visitor visa

  • Make the Electronic Travel Authorisation more competitive

  • Boost regional economic growth through the introduction of a new VAT Reclaim Scheme

  • Reinstate national tourist board budgets to pre-inflationary levels to strengthen international marketing

 

Confederation of British Industry


The CBI is advocating sustainable economic growth. Their manifesto is informed by hundreds of industry leaders and 70 trade associations representing thousands of businesses UK wide. They have set out a programme for the next government across five missions, with ambitions for its first 100 days, first 100 weeks and  first parliamentary term.

These include:

  • Signalling ambition to make the UK economy the most competitive and trusted destination for investment

  • Future Proofing the UK’s labour market to drive inclusive growth

  • Honouring climate commitments to drive green growth for the benefit of all

  • Demonstrating UK global leadership in high-growth technology and innovation

  • Delivering resilient public services through a new era of partnership.


 

NOT A MEMBER?

Join over 150 businesses who benefit from the work of the Rye Chamber. It costs just £50 a year - regardless on the size of your business. Visit our website to learn more.

 




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