The UK’s SMEs are urging the government use to the upcoming Autumn Statement to cement its commitment to smaller sized firms and focus on recovery.
The Federation of Small Businesses (FSB) is calling for a number of changes, including an end to late payments, an extension on business rates relief and to make training in new skills tax deductible for the self-employed.
FSB National Chair Martin McTague, commented, “This Autumn Statement cannot be business as usual. There’s exactly one month to go until the Chancellor delivers his speech, and we need focussed action. With inflation barely budging, the Chancellor has a golden opportunity to spur the economic vitality the UK needs.
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Email Jaime“We need clear plans to help small businesses grow. Whether it’s a corner shop or a web designer, a hotel, or a car garage, they are all crucial. Small firms were key to helping the economy bounce back in 2008, and to replicate that, we need to face this issue head on.
“The Government must act swiftly to end late payments, extend business rates relief, and eliminate the perverse disincentive against acquiring new skills. The future of our economy is at stake, and there’s no room for half measures.”
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