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Knowledge Hub Test (Video) 01
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Reacting to the PM’s resignation, Nova Fairbank, CEO of Norfolk Chambers of Commerce, said:
Reacting to the PM’s resignation, Nova Fairbank, CEO of Norfolk Chambers of Commerce, said:
“Following weeks of chaos and uncertainty, the Prime Minister has resigned. Her resignation means the UK now faces even greater uncertainty, just as it stands on the cusp of a recession.
“It is now vital the Conservative Party speedily comes to a decision on a new leader who can return both political and economic stability.
“The new administration must immediately set out how they plan to deal with soaring energy bills, labour shortages, spiralling inflation and interest rates.
“Flip-flopping on policies has led to low consumer and business confidence, with four in 10 firms expecting falling profits, as companies have seen little sign of a coherent strategy nor stability in Government decision making.
“The challenges that lay ahead of us are building by the day. Two thirds of firms expect to raise their prices and inflation is the top concern. Interest rates are set to climb further in November and energy bills will now rocket again for many in April.
“This is unsustainable. Government must work with business to address three main issues, to show it recognises the challenges firms face.
“Firstly, they must look again at the energy support package for businesses and communicate quickly how the system will work from April.
“Secondly, they must fix the labour market, without the skilled people to do the jobs businesses need, the economy cannot thrive.
“Thirdly, to grow the economy they must set out a strategy to boost our exports.
“People run businesses and businesses rely on people. The new administration must grasp that the cost of living and cost of doing business crises are two sides of the same coin.
“We still need a clear long-term vision on how it will support firms, and the communities that rely on them, to thrive.”
Norfolk Chambers Business Hub opening hours this Christmas and New Years!
Please take a look at our Business Hub opening times over the Christmas and New Year’s period.
Norfolk Chambers response to the Spring Statement
The Chancellor’s Spring Statement included measures aimed at addressing skills shortages, reforming planning, and simplifying procurement processes. While some businesses may benefit from these changes, challenges remain, particularly with rising costs and a downgraded economic growth forecast.
Jack Weaver, Chief Operating Officer, Norfolk Chambers, said:
“It is disappointing that the Chancellor didn’t take this opportunity to offer an olive branch to the business community, especially after October’s budget that felt like a raid on the very people on whom so much of the government’s growth aspirations depend.
“The improving picture on inflation is welcome, so too is the confirmed investment in addressing skills and training needs, which our members consistently tell us is a major barrier to growth. Likewise, the work underway to reform planning and unlock development is a positive step, even though the economic and business growth benefits of those measures will take time to come through.
“Investment in defence and the simplification of procurement processes could benefit some in the relevant supply chains, but with the OBR halving the growth forecast from 2% to 1%, this will come as little comfort to Norfolk businesses.
“As we look to next week when businesses face a hike in NI contributions and an increase in minimum wage, this Spring Statement will have minimal positive impact on how businesses feel right now.
“Looking ahead, we need action from the government to reset the UK/EU trade relationship, minimise the costs and complexity for businesses from the Employment Rights legislation and give more certainty about when we can expect the tax burden on business to ease.
“Norfolk businesses will, as ever, rise to the challenge and continue to be the backbone of our local economy. But we need this government to meet them halfway and create the right conditions for them to grow.”
Nova Fairbank features in Copper Consultancy’s ‘Five Questions With…’ interview series
We’re pleased to share that our Chief Executive, Nova Fairbank, has been interviewed as part of Copper Consultancy’s ‘Five Questions With…’ series, a platform highlighting views from leaders across infrastructure, business, and public life.
In this latest instalment, Nova speaks to James Hyde about Norfolk’s transport priorities, the opportunities and challenges of devolution, and the role of collaboration in unlocking the region’s economic potential.
With Norfolk and Suffolk set to form a Mayoral Combined County Authority (MCCA) in 2026, Nova reflects on how greater local control could help target investment where it’s most needed – from road and rail upgrades to supporting skills, clean energy, and digital connectivity.
She also explores how Norfolk Chambers, alongside partners like National Highways, Transport East, and the Chambers East alliance, is working to ensure business voices help shape the future of infrastructure across the region.
Nova was joined in the conversation by contributors from BTTC, M Group Highways, Norfolk County Council, and National Highways, each posing a key question around connectivity, opportunity, and regional growth.
You can read the full interview on Copper Consultancy’s website here:
Five Questions With Nova Fairbank
Keystone Employer Feature – Cory Brothers Limited
Cory Brothers Limited has been a trusted supply chain partner for businesses for over 180 years providing freight forwarding, project logistics, customs clearance, liner, and warehousing.
Head of Strategic Development Mike Bowden explains why they are a Keystone Employer in Suffolk:
What are the benefits of engaging with the Norfolk and Suffolk LSIP?
“At Cory we are committed to supporting young people who are considering a role in shipping. As a keystone employer and by engaging with the Norfolk and Suffolk LSIP at events and through one-to-one conversations, we are able to showcase what a rewarding career in shipping can be to the next generation of employees.”
What is the importance of the LSIP within the local skills Landscape?
”The most important thing is the ability to articulate the employer needs and creating a better alignment between the employer and educator. This will ensure that the workforce is better prepared for current and future job markets.”
What is the value of supporting skills within your workplace?
“One of the key values at Cory Brothers is developing our people. We believe in setting ambitious goals and constantly pushing our own limits, and encourage our team members to surpass themselves, explore new ideas, and innovate. Through this we create a positive and inspiring work environment where people can develop, collaborate, and enjoy what they do.”
Keystone Employer Feature – PCE Automation
PCE Automation provide bespoke solutions to global manufacturing challenges, and a Suffolk Keystone employer for the Norfolk and Suffolk LSIP.
Managing Director Shaun Wigley explains more:
What are the benefits of engaging with the Norfolk and Suffolk LSIP?
“PCE Automation actively contributes by participating in LSIP surveys and speaking at local events. This engagement has enabled us to share our experience collaborating with local colleges and apprenticeships, while gaining insight into how the LSIP is shaping the skills agenda for Suffolk”.
What is the importance of the LSIP within the local skills landscape?
“The LSIP plays a critical role by giving local businesses a voice to identify specific skills needs within our county and industry. This ensures that training programmes and qualifications are effectively tailored to meet the evolving requirements of the Suffolk economy”.
What is the value of supporting skills within your workplace?
“The future strength of our sector depends on developing talent internally. Through collaboration with educators, trainers, and businesses, the Norfolk and Suffolk LSIP helps maintain a steady pipeline of skilled individuals, safeguarding the sustainability and growth of our industry”.