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Following today’s spring statement from the Chancellor of the Exchequer, the Advertising Association has issued the below comment.
Stephen Woodford, Chief Executive, Advertising Association said:
“As the Chancellor’s spring statement outlines today, the UK economy, businesses and the public are experiencing the harsh effects of increases in cost of living. As inflation rises, businesses need to grow to offset rising costs and it is important to recognise that advertising’s multiplier effect is a vital engine of growth for our economy. Every £1 spent on advertising delivers £6 to UK GDP. Therefore, as the Chancellor looks to support businesses and incentivise growth, it is only right that employer-led skills training receives recognition. We stand ready to work with Government as trade bodies and professional associations to help close the skills gap and provide opportunities for people seeking to upskill, progress in their careers while contributing to the wider business economy and responding dynamically to business needs.”
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