Thursday 20 October 2022

Richard Burge, Chief Executive of the London Chamber of Commerce and Industry (LCCI), said: “While Liz Truss’ resignation comes as no surprise, it is shocking that the Government has allowed chaos to have free reign in recent weeks, damaging our economy and jeopardising our standing on the world stage.

Ms Truss’ resignation will not bring instant relief and it will not magically inspire confidence amongst the many businesses that are trading in the worst economic climate in decades. We should not have been in a situation so drastic in the first place and yet businesses find themselves on the brink, unable to plan for the future and secure growth.

As we prepare for yet another Prime Minister to take office, we hope that the right decisions are taken that benefit our businesses, our economy and our country, and put us firmly on the path to growth”

ENDS

The next Prime Minister must provide stability for the sake of London businesses