The East Midlands Chamber is calling on Chancellor Rachel Reeves to take swift action in her upcoming Mansion House speech to address the growing concerns within the region’s financial sector. The Chamber’s latest Quarterly Economic Survey for Q2 2025 reveals a concerning drop in overseas sales, which have fallen by 10%, and a 3% decline in orders. Furthermore, only 30% of businesses expect profitability to improve shortly.
With businesses facing mounting pressure, the Chamber is urging the Chancellor to consider measures that reduce the burden of regulation and costs, allowing for more calculated risk-taking within the financial services sector. Firms are seeking a clear and supportive plan, particularly regarding tax policies, to ensure they can continue to plan for growth without fear of additional obstacles.
The Chamber stresses that firms in the region are seeking proactive, tangible actions from the government to support growth. Businesses need a stable and positive environment to thrive, and the Chamber is calling for policies that clear the path to recovery and expansion.
