North East Quarterly Economic Survey Quarter 2 2015

NECC’s Quarterly Economic Survey for Quarter 2 2015 is now open for members to complete. This is the biggest regular business survey in the region and is crucial in enabling us to brief decision makers and campaign on members’ behalf.

Please complete the survey here. We will donate £1 to charity for every completed survey, and if you leave your contact details we will send a full report and an invitation to a briefing event when it is published in July.

For any further information, please contact ross.smith@necc.co.uk.

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Posted in Economy by ross.smith. No Comments

Business Secretary announces new Enterprise Bill

In his first speech as Business Secretary, Sajid Javid has announced a new Enterprise Bill, which includes measures to tackle late payment, reduce red tape and take forward commitments to review the business rates system.

The main points of the Bill include:

  • Cutting the cost of regulation on UK businesses by £10bn during the current Parliament;
  • Continuing the ‘one in, two out’ rule on red tape to limit the proliferation of new regulations;
  • A small business conciliation service will be established to help small businesses settle disputes with large corporations;
  • Pledges to tackle late payment, including a consultation later this year on wider powers for representative bodies to act on behalf of their members to challenge grossly unfair payment terms; and
  • A review of the business rates system.

NECC welcomes the announcement of an Enterprise Bill, with many of the proposed measures aligning well with priorities in our Manifesto. Burdensome regulations, late payment and the current business rates system are significant barriers to growth – effective measures to tackle these issues are very much needed and we look forward to seeing the Enterprise Bill progress.

Nevertheless, we would urge Government to be mindful that reducing the regulatory burden is not just about the amount of regulation but ensuring that regulations are fit for purpose and designed with economic growth in mind. Equally, with numerous pledges in the past to tackle late payment, we now need to see delivery.

Please give your view by leaving a comment on this blog or emailing rachel.travis@necc.co.uk.

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Posted in Business Support Economy Red Tape by rachel.travis. No Comments

MPs to Speak at Post Budget Panel Event

Following next week’s budget NECC is hosting a free briefing event in collaboration with Partner member KPMG.  The event will be an opportunity to listen to analysis of a budget that falls within touching distance of a general election many think will be one of the closest fought in living memory.

Next week’s budget is Chancellor of the Exchequer George Osborne’s final chance to influence the electorate before 6 May. We can expect there will be a great deal to discuss and we have three of the North East’s MPs with us to debate the outcome.

Event: NECC Post-Budget Lunch & Panel Discussion

Date: 20.03.15

Timings: 12:00-13:45

Venue: Raddison Blue, Frankland Lane, Durham DH1 5TA

To register to attend please email events@necc.co.uk

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Economic Survey Open

The NECC Quarterly Economic Survey is currently open for responses – we are calling on all members to take five minutes to respond. Your effort will also help raise money for a North East charity.

The survey is used by the Bank of England and HM Treasury to inform decision making and is therefore a very useful and direct way to have your say.  Please take the opportunity now by clicking here.

Those who wish to will also receive an invite to a free breakfast briefing event on 8 April at which we will discuss the latest findings. If you have any questions please contact mark.stephenson@necc.co.uk

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North East Combined Authority Devolution Meetings

The North East Combined Authority (NECA) is arranging a series of meetings to give business leaders, residents and partner agencies the opportunity to give their views on NECA’s devolution plans in advance of discussions with Government.

The meetings will be taking place on:

  • Thursday 12 March, 18.00 – 20.00 (Gateshead)
  • Monday 16 March, 17.30 – 19.30 (Newcastle)
  • Tuesday 17 March, 18.30 – 20.30 (Durham)
  • Friday 20 March, 09.30 – 11.30 (Sunderland)
  • Monday 23 March, 17.30 -19.30 (South Tyneside)
  • Tuesday 24 March, 18.00 – 20.00 (North Tyneside)
  • Thursday 26 March, 14.30 – 16.30 (Northumberland)

Further details on venues and information on how to register are available at the address below. Here you will also find NECA’s current outline devolution proposals:

http://www.northeastca.gov.uk/devolution

NECC will be responding on behalf of members to these proposals. To give your views and contribute to this work, please contact jonathan.walker@necc.co.uk

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