News story

Chancellor steps up industry engagement

In the run up to the Autumn Statement the Chancellor Philip Hammond will speak to British businesses in a series of high profile meetings.

In the first of numerous high-level industry roundtables taking place over the coming months, today (7 September 2016) the Chancellor will host several members of the European Financial Services Chairmen’s Advisory Committee, including its chair, Baroness Vadera.

As well as holding further discussions with the financial services sector in October, the Chancellor will chair roundtables with representatives from the world of technology, retailing and manufacturing as well as meeting investors, importers and exporters and hosting representatives from the Confederation of Business Industry (CBI), the Federation of Small Businesses (FSB) and the British Chambers of Commerce (BCC).

From virtual reality to food, clothing and banking, the Chancellor will meet with representatives covering almost every aspect of the economy. He will set out the government’s plans to support an economy that works for everyone and then lead a discussion with industry representatives on the underlying strengths of the UK economy as we enter a period of adjustment in the lead up to leaving the European Union.

Representatives will also be given an opportunity to contribute their views on the future of Britain outside of the European Union and offer input to how the government can best offer support to their industries and workforces leading up to the Autumn Statement.

Chancellor of the Exchequer, Philip Hammond said:

We want to ensure the continued investment that creates jobs and supports wage growth throughout this period of uncertainty ahead of the UK formally leaving the European Union.

That means listening to businesses and organisations who represent working people all over the country, and taking the necessary steps to maintain economic stability.

From manufacturing to new technology, exporters to small businesses, I am determined that industry and government work together to ensure that Britain takes full advantage of the opportunities Brexit presents. That means engaging in open and constructive dialogue with business leaders in the months ahead.