BiKBBI CEO responds to Chancellors Autumn Statement

CATEGORY:
Press Release
DATE:
22.11.2023
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BiKBBI CEO Damian Walters responds to today's Autumn Statement delivered by The Chancellor of the Exchequer, following some good news for the self-employed and further commitment to apprenticeships.

"There is a lot that installers and the wider industry will like in the Autumn Statement - not least the cuts in national Insurance for the self employed as well as to the basic rate for people in employment. This will put more money into the pockets of installers, incentivising them to take on more work and reducing customer waiting times.

Making full expensing a permanent will also mean that installers and manufacturers can invest in new equipment with confidence. It was also good to see the Government's further commitment to apprenticeships and we look forward to engaging with them on how to support installation businesses to take on apprentices. We have a meeting with government in a fortnight to discuss this point in particular.

However, the overall economic outlook for the coming years continues to look bleak with forecasts downgraded since the Budget in March and inflation set to remain high. This will have a knock on effect for our industry as people are forced to make difficult choices about what they spend their money on. This has to change, so whichever party wins the election next year, they must deliver growth as an absolute priority."

Access the full statement here.

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