My concern is not the £26bn in tax rises. It is the instinct to defer decisions until 2026, waiting for picture-perfect clarity. But the dust may linger indefinitely, forcing businesses to act without the clear conditions they prefer.
That risk is particularly acute in Ipswich, where the jobseeker rate of 4.3% exceeds the national average and local employers already cite employment costs as the biggest barrier to hiring. Whether businesses choose to act or hold back will determine not just individual fortunes but the county's economic trajectory.
So the question is this: will Suffolk keep faith in its own economy, or will we let national failures become our excuse for inaction?
Suffolk firms demand no more tax rises as government faces budget hole
Local businesses are calling for a freeze on business taxes, with 74% of Suffolk firms worried about tax levels following recent National Insurance increases. It comes after government welfare concessions scrapped £5bn in planned savings, raising concerns that Autumn's budget will bring further tax rises.
Building conviction locally
Confidence is not bestowed by Westminster. It is built locally, by the choices we make in boardrooms, construction sites and shop floors. Apprenticeships delayed are workers never trained. Projects deferred are opportunities missed. Prices raised without investment weaken communities. The decisions taken in the next year will echo for the rest of the decade.
That is why Suffolk must resist the temptation to wait. The instinct to defer until conditions improve is understandable: businesses face genuine cost pressures, and caution is often rational. But if enough firms hold back simultaneously, Suffolk's economy will stagnate not because of the Budget alone, but because we collectively lost nerve. The narrative that the only sensible choice is to wait corrodes everything it touches. It drains confidence, discourages investment, and risks becoming a permanent excuse for inaction.
What action looks like
The Salthouse Harbour Hotel's £2 million waterfront investment illustrates what action looks like: 20 skilled jobs, Suffolk's only town-centre spa, a family business marking sixty years by betting on Ipswich's future. That is the standard against which other decisions should be measured – not whether conditions are perfect, but whether conviction exists to build despite imperfection.
The Salthouse is not alone in demonstrating what local conviction looks like. The Regent Theatre has just reopened after a £3.45 million transformation, funded not by taxpayers but by a £1.50 ticket levy paid by theatregoers themselves. That is investment built on faith: a community backing its cultural infrastructure with real money, a local contractor delivering on a punishing deadline, a 96-year-old building prepared for its centenary year.
These are the decisions that define a town's trajectory, not Whitehall's tax schedules. This is the brute business force that sustains communities. But it needs protection: when contractors fit neon strips into Grade II listed buildings for vape shops on the same streets where the Salthouse invests £2 million, the asymmetry becomes obvious. Without enforcement through planning powers and regulatory action, legitimate investment competes on unequal terms with extraction.
Concern is rational, paralysis is not
Melissa Neisler Dickinson of Menopause Support Suffolk admitted frustration at being "penalised for ambition" but is still investing and launching a new product. This is resilience lived daily by entrepreneurs who refuse to stand still.
Professional advisers struck a more cautious note. Ellisons argued that measures affecting pensions and employment benefits "directly undermine efforts to be a great place to work, train and progress." Attwells noted that while apprenticeships funding was welcome, the Budget was ultimately "a revenue‑raising exercise" that leaves households squeezed and property markets fragile.
The Suffolk Chamber of Commerce welcomed small tactical wins but noted the Budget "lacks the strategic direction needed to drive genuine productivity growth", a concern that resonates across members still waiting for infrastructure commitments.
From construction, reactions were mixed. Gipping Construction said bluntly: "Nothing in this Budget will change our current strategy." Lanman Solar added they are continuing with planned work but have "deferred a couple of larger investment decisions just until Q1 next year, to give a little time for the dust to settle." That blend of pragmatism and caution captures the wider mood: clarity is welcome, but conviction is still missing.
These perspectives underline the broader truth: local firms are willing to invest in jobs, skills and growth, but they need confidence that the system is not stacked against them.
None of the businesses we spoke to welcomed the Budget's core measures. But that makes action more necessary, not less.
'Half the hospitality industry could disappear': Ipswich businesses raise warnings ahead of Budget
Retailers, hospitality leaders and small firms across Suffolk warn of closures, job losses and stalled investment as Budget looms.
Pragmatism amid uncertainty
Taken together, these reactions show a county navigating genuine uncertainty without surrendering to it. There is frustration at stealth taxes, frozen thresholds and missed infrastructure investment. But there is also pragmatism: firms continuing projects, entrepreneurs launching new products, advisers urging proactive financial planning.
The Budget may have delivered certainty without conviction. Suffolk's employers must supply what Westminster cannot. If they choose to act – to hire, expand, innovate – they will not only sustain their own businesses but also reinforce that brute business force.
While the Budget row rumbles on nationally, with Prime Minister Sir Keir Starmer and Reeves denying they misled parliament or the public over the public finances, Suffolk cannot afford to wait for that argument to resolve. Our economic story will be written by local businesses and entrepreneurs, not in Downing Street press conferences. The question is whether local firms have the conviction to write it.
