Credit access must be priority, says PwC
Most West Midlands businesses believe the provision of credit to businesses should be the Chancellor’s top priority in his forthcoming Autumn Statement, according to accountancy firm PwC.
Research conducted by PwC said that the majority of privately-owned businesses in the region want to hear more detail about George Osborne's proposed credit-easing scheme.
The Chancellor is due to give his Autumn Statement on Tuesday (29 November).
Responding to a survey carried out at a recent PwC event, the majority of privately-owned businesses from the East and West Midlands said that access to credit was the biggest obstacle to their company’s growth in the next five years, followed by inflation in the cost of goods and services and increasing regulation.
Chris Romans, partner and private business expert at PwC in the Midlands, said: "The Chancellor is having to be very creative with very little.
"In addition to telling us more about his proposed credit-easing plan, he is expected to announce a package of pro-enterprise measures, which could include the removal of some under-used areas of tax relief and some additional tax simplification."
