Open

Latest news

Explore insightful perspectives and expert advice on finance

Home |Latest news |IoD outlines 'top five policy recommendations' to help drive economic growth

Latest news

Browse by category
Business News

IoD outlines 'top five policy recommendations' to help drive economic growth

September 25 2023

Business group the Institute of Directors (IoD) has outlined its top five policy recommendations to help spur sustainable economic growth.

The IoD wrote to Chancellor Jeremy Hunt ahead of the upcoming 2023 Autumn Statement on 22 November. In the letter, the business group set out its key policy recommendations, which include stronger incentives for SME net-zero transition; permanent 100% capital expensing; and an export target based on volumes and the proportion of companies that export.

It also advocates for tax credits for companies that train employees to meet national skills shortages and urges for greater reputational pressure to be put on large firms that are slow to pay invoices.

Jonathan Geldart, Director General of the IoD, said: 'There has long been a debate around the need to raise productivity in the 'long tail of British industry'. There is therefore much to be gained by thinking of interventions that shape the broader economy rather than focusing exclusively on segments that are already market-leading, important though those are.

'Over half of our members do not identify as being in one of the government's five current 'priority' sectors, yet their activities are no less significant to our national prosperity.

'Regardless of size or sector, 88% of our members want to see an industrial strategy that defines long-term objectives for business in terms of priorities and policies.'

Here to help

Please complete the form below and our expert team will be in touch.

  • Contact details

    • *
    • *

  • What services are you interested in?

    • *

  • Message

    • *

  • Which location would you like to contact?

  • Communication

    • *Indicates a required fields.†At least one form of contact is required.

      By submitting this form, you agree that Attwoods can process your information in order to respond to your enquiry. For more information visit our Privacy Policy.

Bromsgrove
Bromsgrove

Attwoods is proudly based in the historic market town of Bromsgrove, Worcestershire

  • 182 Worcester Road
  • Bromsgrove
  • Worcestershire
  • B61 7AZ
Call us01527 874170
Learn more about BromsgroveGet in touch
Evesham
Evesham

Attwoods is proudly based in the picturesque town of Evesham, Worcestershire; nestled in the heart of the Vale of Evesham

  • 90-92 High Street
  • Evesham
  • Worcestershire
  • WR11 4EU
Call us01386 424388
Learn more about EveshamGet in touch
Pershore
Pershore

Attwoods is proudly based in the Georgian market town of Pershore, Worcestershire.

  • Perrott House
  • 17 Bridge Street
  • Pershore
  • Worcestershire
  • WR10 1AJ
Call us01386 554870
Learn more about PershoreGet in touch
  • Xero Logo
  • Gold Partner Logo
  • Sage
  • QuickBooks Platinum

The practices of Attwoods are carried on by Attwoods Accountants Limited, Attwoods Business Services Limited, Attwoods (Bromsgrove) Limited. Regulated for a range of investment business activities by the Association of Chartered Certified Accountants.