CTI writes to Chancellor ahead of 2017 Budget Announcement
In an open letter to the Chancellor of the exchequer Philip Hammond ahead of his budget speech on 8 March 2017, the Confederation of Timber Industries has called for a more incisive role of the Government on strategic themes such as Skills and Education, Productive Growth and Energy Security.
The letter - written by Iain McIlwee, CEO of the British Woodworking Federation (BWF) and Member of CTI Board of Directors - highlights the contribution of the Timber Industry to the UK Economy and provides recommendations to tackle the productivity gap.
In details the CTI has outlined the following points:
- Rebalancing the educational system to support technical education is essential for UK Economy growth
- The introduction of the new Apprentice Standards may not apply correctly
- Any profit from the Apprenticeship Levy money should be ring-fenced to support SMEs training
- Schools should be equipped and targeted to support technical education options
- The current business rate system discourages investment and undermines productivity - as remarked by the latest BWF State of Trade Survey
- UK needs a productive taxation system that rewards positive behaviour and encourages UK Trade Gain
- The reduction of Industry Energy usage must be a pillar of the new UK Clean Growth policy
- The recommendations of the Natural Capital Committee and the Bonfield Review could represent a starting point in a wider debate on the future of UK energy supply
The complete letter can be found here.