Last week I posted a report that suggested that new business owners were choosing to take advice from banks and accountants rather than use the Governments Business Link scheme.
In a report today from the Federation of Small Businesses (FSB) it appears that most small business owners have lost any confidence that they had in the government, with a staggering 93% claiming a decreased confidence since the last budget.
SMEs have been hit by damaging tax rises, fuel surcharges and general inflation as well as increases in red tape, over the last twelve months.
John Wright of the FSB Says:
“A series of damaging tax rises and increases in red tape in the last year have totally undermined the Government’s position with the UK’s 4.5 million-strong small business community.
“Changes to income shifting rules will force family business owners to create and maintain an unrealistic amount of paperwork on individuals’ contributions to their business. It totally contradicts promises the Government has made about reducing red tape.
“The fiasco over capital gains tax rules and the increases in corporation tax for small companies have also undermined the Government’s credibility. The Chancellor should use this Budget to mend some bridges.”
The Department of Business, Enterprise and Regulatory Reform has announced today, that this weeks budget will be used to introduce a new policy, that will streamline the governments much criticised small business support system.
Although no changes have been revealed, it is thought that the government will scrap many of the 3000 schemes available to business owners, in an effort to provide a more co-ordinated and easy to access structure.
We will have to wait and see.
Loading ...
0 comments so far
There are no comments for this post yet. Why not be the first by filling out the form below.