Businesses urge Chancellor to put small firms at heart of Budget
The Chancellor has been urged to put smaller enterprises at the
heart of his March 20 Budget.
The small is beautiful message has been sent to George Osborne,
demanding better access to finance, simpler taxes and permanent
business rate relief.
The 6,500-member Federation of Small Businesses in Kent and
Medway wants a "Budget for Small Firms” to boost investment, growth
and job creation which would all restore confidence. The FSB has
called for incentives to take on new staff.
It said small firms in the county were ambitious and wanted to
grow but consistently cited finance and access to long-term capital
Despite the Funding for Lending Scheme, which has injected
billions of pounds to offer borrowers, the Chancellor needed to
accelerate plans for a Business Bank.
The FSB wants the Chancellor to press ahead with a proposal that
small firms with a turnover of less than £77,000 need only provide
It also urges the Chancellor to :
- Extend the National Insurance Contributions holiday to small
Kent firms in Kent with fewer than four staff rather than just
- Cancel the 3p fuel duty rise planned for September 2013 and to
initiate a full review of fuel prices and motoring taxation
- Help boost businesses cash-flow, by ensuring that when it is
awarding contracts that its Tier 1 suppliers are signed up to the
Prompt Payment Code and pay their supply chains quickly.
- Extend the money available through StartUp Loans scheme to help
more Kent residents who struggle to access finance to start a
Roger House, FSB chairman in Kent and Medway, said: “With the
economy only growing a fraction in 2012, the Chancellor must
deliver a Budget that is unashamedly focussed on boosting small
"Our figures show that confidence is rising among Kent’s small
business owners, but there is still caution.
"And, even though unemployment has fallen considerably, consumer
confidence to spend and boost the economy is far from
He added: “What we need to hear on March 20 is not more
small-scale policies which tinker at the edges but measures that
will have a tangible effect both immediately and in the
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