Service Industries: Finance
The question
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of changes in the Autumn Budget on the professional services sector.
Answered by Gareth Thomas
The Chancellor has been clear that the government had to take difficult decisions in budget. To fix the foundations of the economy, and provide a platform for growth.
The government is creating a fairer business rate system and transforming the apprenticeship levy to support business and boost opportunities.
Through the Professional and Business Services Sector Council, we are addressing strategic issues for the sector. In addition, Professional and Business Services is one of the Industrial Strategy’s growth-driving sectors. We will work with businesses to co-create a Professional and Business Services Sector Plan which will identify key barriers to growth and describe how government and industry intend to achieve long-term growth for the sector.
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