London business advocacy group BusinessLDN has called on the Chancellor to bring back VAT-free shopping and to “keep the door open” for HS2 to be expanded to Manchester, as it focuses on what its boss calls “low-hanging fruit” in in its submissions for next month’s Autumn Statement.
The London business group has submitted 21 proposals to the Chancellor ahead of his Autumn Statement on 22 November. BusinessLDN CEO John Dickie said that these were mostly made up of proposals with a low fiscal impact that would boost efficiency, as the Government is likely to feel constrained in its ability to cut taxes or boost spending amid sky-high inflation and interest rates.
