Last Monday evening the Hertfordshire Chamber of Commerce & Industry hosted a meeting of major employers and businesses with seven of the County’s Members of Parliament at the House of Commons. Also present was British Chambers of Commerce Director General, David Frost, and leading representatives of Hertfordshire County Council.

At the top of the agenda were the current economic difficulties. The British Chambers of Commerce supported by accredited chambers such as the Hertfordshire Chamber have led the business lobby calling for cuts in interest rates and additional government support for small businesses.  

Tim Hutchings, Hertfordshire Chamber Chief Executive said,” So far, albeit belatedly, Government and the Bank of England seem to be listening but there is still much to do. We would like to see interest rates fall further and expect the Monetary Policy Committee to cut them when they next meet. We also welcome the Chancellors announcement of a package of support for small businesses which will monitor closely to make sure they have the desired affect”.

Following the meeting Mark Prisk MP, Shadow Minister for Business and Enterprise asked for a summary on how the current economic difficulties are impacting on business. He is particularly interested to understand any special difficulties with banking facilities, prompt payment, tax or regulations. Mr Hutchings is collating a response and businesses that would like to contribute can do so via timhutchings@hertschamber.com.

Mr Hutchings, “These meetings are always of great value but at the present time they are probably more important then ever. Who or what is to blame for the current economic problems is not the point we are more interested in seeking solutions and returning some confidence to the economy”.

In addition to the economy discussions included transport, skills and a range of other economic development issues.