Mitchell Charlesworth Managing Partner sets out Autumn Statement Wish List


Mitchell Charlesworth's Managing partner Paul Wainwright provides thoughts ahead of today's Autumn Statement.

Social Housing

“Earlier in the year the chancellor made promising remarks about investment in infrastructure projects and house building. As a practice, we are heavily involved in the region’s social housing market and help co-organise the annual North West Housing Conference. We are keen to see clear cut policies relaxing planning rules and regulations on brownfield sites. This will aid the government’s objective to build 165,000 new affordable homes in the next three years which in turn will get Britain building again to support both employment in construction and small businesses.

Northern Powerhouse Infrastructure

“Additionally, the Northern Powerhouse was central to the former chancellor’s plans and we want to hear that the new administration is equally ambitious for the North West and will continue driving momentum through the transition. This needs backing up with financial commitment to large-scale projects in the North.

Post-Brexit Uncertainties

“The uncertainty created by the US election and Brexit also needs to be contained by the chancellor in a statement promoting stability and security for the nation’s SMEs which form the backbone of the UK’s economy.

SMEs

“SMEs must be protected by low business rates and the ability to deploy firmer penalties to debtors for late payments and delayed invoices to improve cashflow and profitability. They must also be given attractive incentives to encourage growth, for instance by increasing the annual investment allowance and raising small-business rate relief. We would further welcome clarification and reassurance that HMRC’s Making Tax Digital initiative is proceeding as planned.

Manufacturing & Engineering:

“Manufacturing and engineering sectors remain vital to the Liverpool City Region and require enterprise-friendly policy combined with greater reassurance about how EU funding will be matched in the future. The skills gap is another key area which needs unlocking to allow our growth sectors to fulfil their potential.”

We will be busy digesting the Autumn Statement and will provide our expert opinion on the outcome shortly thereafter, as well as soundbites on our Twitter feed.  To ensure you receive our mailing updates please send us an email.

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