Commenting on the latest GDP data, John Dickie, Chief Executive at BusinessLDN, said:
“With the U.K. heading for recession, the Chancellor needs to go for low hanging fruit to support growth at minimal or no cost.
“That includes using next week’s autumn statement to reform the apprenticeship levy to boost take up, allow regional mayors to consolidate funding streams to deliver more bang for buck where it’s needed and review the impact of the decision to end tax-free shopping which is vital to attracting big spending international tourists.
“But ultimately what the capital’s businesses want to see is a focus on the boring job of government of providing stability and competence which allows firms to plan and invest for the future with confidence.”