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'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.
Paul Simon is the Chamber's head of public affairs.
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Retailers, hospitality leaders and small firms across Suffolk warn of closures, job losses and stalled investment as Budget looms.
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A blunt message has been delivered to Chancellor Rachel Reeves from business leaders across Suffolk following her pre-Budget speech this morning: "No more business taxes. End of."
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Over 125 business and political leaders gathered on Friday, 24 October, to hold MPs accountable for delivering on economic priorities and shape how Suffolk will work with the Norfolk and Suffolk mayor once elected next year.
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Ipswich unemployment is falling twice as fast as the national average – but the town still has one of the highest jobless rates in the East of England.
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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.
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Essential work to replace two westbound joints on the A14 Orwell Bridge will now begin this summer instead of 2027 as originally planned.
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Suffolk Chamber of Commerce's latest survey reveals local business activity and future prospects have plummeted to their lowest point since 2020/21.
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Ipswich MP Jack Abbott has written to the Prime Minister urging him to designate an Ipswich Northern Bypass as nationally significant infrastructure as the Suffolk Chamber of Commerce prepares to release damning evidence of A14 disruption's impact on the local economy.
Long Reads
As the Suffolk Chamber's latest survey reveals business confidence is at a two-year low, local leaders speak out about navigating through mounting tax pressures and economic uncertainty.
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The Suffolk Chamber of Commerce's latest economic survey shows widespread pessimism and decline among local businesses, with more than 80% expressing concerns about tax levels.
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