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.
SCC Letter to Chancellor – Spring Budget 2024 (February 2024)
Among the recommendations in SCC’s Spring Budget Letter are:
- Cut VAT for hospitality, leisure, and tourism sectors to boost spending, stimulate demand and revive our towns and cities.
- Back the Scotch Whisky industry by cutting alcohol duty to ensure the industry is competitive and is supported to grow, export, and create jobs.
- 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.
- Help deliver the world’s most pro-enterprise tax regime, by introducing a new, internationally competitive, tax-free shopping incentive for overseas visitors.
- Support the North Sea industry to recover lost investment and efforts to decarbonise by removing the Energy Profits Levy.
