Lichfield’s MP has said he is “encouraged” by a new financial forecast.
The Birmingham Chamber of Commerce Groups’ quaterly economic survey suggested that 43 per cent of firms were experiencing a growth in sales.
Michael Fabricant MP welcomed the news – and admitted that signs are becoming brighter for local companies.
““We are all going through tough times and I know that local businesses in Lichfield and Burntwood are finding it hard,” he said. “Nevertheless, I am encouraged by the Chamber’s upbeat survey of business.
“And local companies will find the new low rate on Corporation Tax and the £2,000 subsidy against Employers’ National Insurance announced in the budget a real boost in these difficult times.”
The report also suggested the service sector had seen the greatest increase in expectations for turnover and profitability for the coming year.
The Chamber’s president Steve Brittan added: “This is further good news for businesses battling access to finance, taxation and regulation.”
