BiKBBI reacts to new Chancellor’s statement

Share it

Damian Walters, Chief Executive of The British Institute of Kitchen, Bedroom and Bathroom Installation reacts to The Chancellor’s economic statement today, Monday 17th October 2022.

“Whilst I welcomed an urgent review of the previous Chancellor’s mini-budget, I remain suitably concerned that the current political instability remains a distraction to our country’s ability to recover from the consequences of the pandemic and our exit from the EU.

As a representative for thousands of SMEs operating in the home improvement sector throughout the UK, and in support of the suppliers, distributors, manufacturers, and retailers with hundreds of showrooms that we work with, the BiKBBI will now be looking to government to provide clarity around this U-turn and how the reversal of some of the previous Chancellor’s concessions will impact our members”.

He continued “Whilst I am in full support of the Chancellor’s objective to create ‘stability’, further support on energy costs for businesses is vital, and the government must commit to a full consultation with industry before April 2023 deadline announced today”.

Walters concluded “After years of uncertainty, both politically and otherwise, one thing we can be certain of is that the coming weeks and months will remain a significant challenge and what we need is stable, focused leadership and a clear understanding of the Chancellor’s plans beyond these initial decisive moves”.

More about BiKBBI