Responding to the Chancellor’s Conservative Party conference speech, Roger Barker, Director of Policy at the Institute of Directors, said:
“Business leaders share the Chancellor’s priority of creating opportunity. Many will hope for further action that puts them in a position to do so.
“To get companies on the front foot, the Treasury should act quickly to ease employment costs. With job losses expected to mount, firms that are finding chinks of light should be empowered to pick up the slack.
“The Chancellor rightly talked up the importance of entrepreneurship for the recovery. However, many entrepreneurs feel significant unease about the months ahead, particularly as the furlough scheme ends. While policies like Pay as you Grow will help businesses get back on their feet, failing to extend insolvency measures could leave many in the lurch.”