Norfolk Chambers of Commerce has written to Chancellor Rachel Reeves ahead of the 2025 Budget, urging the government to prioritise long-term growth over short-term cost-saving measures.
The letter, informed by extensive member engagement and our latest Quarterly Economic Survey (QES) data, paints a concerning picture of business confidence in Norfolk. Following the changes announced in the 2024 Budget, particularly the increase in employers’ National Insurance contributions, many Norfolk businesses are feeling the squeeze like never before.
Through direct member feedback, we’ve heard repeatedly that businesses are facing a perfect storm of challenges. From payroll costs that jumped 18% overnight for some hospitality firms, to family businesses in our vital agri-food sector grappling with changes to Agricultural and Business Property Relief, the message is clear: current policies are actively disincentivising the very growth the government says it wants to achieve.
But this letter isn’t just about the challenges, it’s about solutions. Our members have put forward practical, actionable recommendations across four key areas: taxation, infrastructure, skills, and support for growth. Whether it’s finally dualling the A47, overhauling the planning system, or simplifying access to business funding, Norfolk businesses know what they need to succeed.
Read the open letter to the Chancellor of the Exchequer
This letter represents the collective voice of over 700 member businesses employing more than 80,000 people across Norfolk. Every piece of feedback, every conversation, and every data point from our Quarterly Economic Survey helps us make the case for Norfolk business at the highest levels of government.
If you have experiences or insights you’d like to share about how national policy is affecting your business, we want to hear from you. Together, we can continue to champion Norfolk as a region that’s critical to UK prosperity.
Get in touch with our team via [email protected] to share your story or join the conversation at our next member event.
