Business group unveils 90-day action plan for economic growth

May 5, 2010 | Blog

A new Government must put business at the core of its plans for economic recovery, according to the British Chambers of Commerce (BCC).

The BCC has published a 90-day plan for business growth, which aims to put the economy on a ‘sound and sustainable footing’ by giving UK firms the freedom and support they need to drive the upturn.

Its proposals include a moratorium on costly new employment law, a freeze on public sector pay and the introduction of a short-term finance scheme to help boost exports.

The organisation has warned that failure to execute these measures could risk the return to economic growth or result in a more protracted recovery.

‘We will be judging the performance of the next Government against its delivery of a clear plan for business, commented David Frost, BCC Director General. ‘Putting business growth at the very core of a new administration’s thinking is fundamental to returning our economy to health quickly, and for the long-term.’

He added: ‘During the first 90 days after an election, an incoming Government must make concrete proposals to reduce red tape and tax burdens on business; review how to move the economy away from an over-reliance on consumption and the public sector; and commit to improving Britain’s energy, transport and digital infrastructure.’

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