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Positives taken out of Autumn Statement

Ursula Lidbetter MBE, chairman of Greater Lincolnshire Local Enterprise Partnership, with Spalding and District Chamber of Commerce President 
Phil Scarlett, vice president David Norton (left and right), Jamie Cooper of Network Rail (second left) and Lincolnshire Chamber of Commerce chief executive Simon Beardsley.

Ursula Lidbetter MBE, chairman of Greater Lincolnshire Local Enterprise Partnership, with Spalding and District Chamber of Commerce President Phil Scarlett, vice president David Norton (left and right), Jamie Cooper of Network Rail (second left) and Lincolnshire Chamber of Commerce chief executive Simon Beardsley.

A top Lincolnshire business leader hopes firms in South Holland “feel a direct benefit” from measures announced by the Chancellor in his Autumn Statement.

Ursula Lidbetter MBE, chief executive of Lincolnshire Co-operative and chairman of Greater Lincolnshire Local Enterprise Partnership, said a two per cent cap on business rates from April 2014 and a 50 per cent cut for traders moving into empty shop premises could boost the area’s economy.

Other measures unveiled by Chancellor George Osborne on Thursday include a rise in the state pension age to 68 in the 2030s and £1 billion worth of loans towards new housing.

Ursula said: “The Autumn Statement brings mixed news to the business community, particularly small and medium-sized enterprises which account for about 40,000 businesses in Greater Lincolnshire.

“We hope that our business community will feel a direct benefit from some of the positive measures announced on Thursday.”

 

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