Commenting on David Cameron’s first major speech as Prime Minister, David Frost, Director General of the British Chambers of Commerce (BCC), said:

“The Prime Minister is absolutely right to lead from the front and focus this government’s attention on rebalancing the economy in favour of manufacturing and the private sector.

“For too long the focus has been on consumption, debt, the public sector and financial services. If we have learnt anything from the last few years, it is that businesses up and down the country will be the real source of future job creation and economic growth.

“The challenge for this government is to turn the rhetoric into action. In June’s Budget, we need measures that will help create the best possible business environment. That means clearing up questions over business taxation, especially around capital gains tax and corporation tax allowances; delivering on the promise for less red tape; ensuring there is continued investment in key infrastructure, and providing tailored support when it is specifically needed.

“If we truly want a lasting recovery, growing the private sector must be at the very heart of the new government’s thinking.”