Business in Vancouver: B.C. budget stays balanced, provides new benefits for families

February 18, 2020
Colin Wong

[EXCERPT]

The Business Council of B.C. (BCBC) welcomed the fact the fact the budget is balanced, and also welcomed some of the social spending that addresses affordability issues. But it has failed to address a growing competitiveness gap.

“While government has prioritized a variety of worthwhile program areas, including childcare, housing affordability, education, and transit and transportation investments, paying for this requires a competitive and growing economy," said BCBC chief policy officer Jock Finlayson. "The budget does not pay sufficient attention to the storm clouds facing us due to slower global growth and escalating tax and regulatory costs at home."

The BCBC has been working with the B.C. government to address the "leakage" that results from B.C. industries, which pay the highest carbon taxes in North America, competing with jurisdictions that have lower carbon pricing or none at all.

"Regrettably, our collaboration with the province on this important policy file appears to have hit a wall," said BCBC president Greg D’Avignon.

Full article.

Become A BCBC Member

LEARN ABOUT MEMBERSHIP
BACK TO TOP    

ADDRESS

Business Council of British Columbia
1050 West Pender Street, Suite 960
Vancouver BC V6E 3S7

CONTACT INFORMATION

Telephone: 604-684-3384
Media Contact: 604-684-3384
Email: info@bcbc.com

© 2023 Business Council of BC. All rights Reserved.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram