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SCC Network: Letter to the Chancellor from Scottish Chambers of Commerce – Spring Budget 2024

SCC is calling for the Chancellor to use next week’s Spring Budget to back Scottish business by working in partnership with industry to develop a long-term plan for growth.

Press Release – SCC calls on the Chancellor to back Scottish business in the Spring Budget (Embargo to 29th February 2024)

SCC Letter to Chancellor – Spring Budget 2024 (February 2024)

Among the recommendations in SCC’s Spring Budget Letter are: 

  1. Cut VAT for hospitality, leisure, and tourism sectors to boost spending, stimulate demand and revive our towns and cities.
  2. Back the Scotch Whisky industry by cutting alcohol duty to ensure the industry is competitive and is supported to grow, export, and create jobs.
  3. Commit to maintaining the freeze and 5p cut on fuel duty as consumers continue to feel the pinch from inflation which remains at near record high levels.
  4. Help deliver the world’s most pro-enterprise tax regime, by introducing a new, internationally competitive, tax-free shopping incentive for overseas visitors.
  5. Support the North Sea industry to recover lost investment and efforts to decarbonise by removing the Energy Profits Levy.
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