Brown's new Government 'must put small firms first'

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Welcome to this monthly Accounting News bulletin from DG Accountancy Services (http://www.businessbods.co.uk) bringing Small Business' news and information from the business world, as it happens!

Thursday, 19 July 2007

As Gordon Brown leaves behind the position of Chancellor of the Exchequer to take up the reins of power as Britain's new Prime Minister, business groups have called on Brown's new Government to promote the needs of small businesses.

A recent study conducted by the Forum of Private Business (FPB) has suggested that the top priority for many small business owners is cutting the tax burden.

91% of respondents called for a reduction in employers' national insurance contributions, while 63% wanted to see a reversal of the increase in corporation tax from 19% to 22%.

Meanwhile, reducing red tape was also a key priority for respondents, with 85% calling for the administration of PAYE and national insurance to be integrated, and 60% calling for a mechanism to monitor the Government's red tape agenda.

Other issues raised by the survey include eliminating unfair competition, improving skills and training, and promoting investment.
Rebecca Leavers, Research Manager at the FPB, called on the next Chancellor to put the needs of the UK's small firms first, saying, 'There are more than four million smaller companies in the UK, employing over half the private sector workforce. They are an integral part of the economy and whoever succeeds Gordon Brown as Chancellor must put them at the forefront of policy'.

posted by BusinessBods.co.uk @ 04:53

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