Forum of Private Business offers up 10 point wish list to the next UK Government
by Startacus Admin
The Forum of Private Business is encouraging the next UK government to create conditions for an increase in business performance and productivity both in UK trading and exporting overseas.
“A one percent increase in productivity achieved across the UK macro economy would add almost £20 billion to our national output. It would also reduce the 
annual government deficit by around £8 billion, add £250 a year to the average wage packet and increase annual profits across the country by almost £3.5 billion. Small rises in business productivity have a massive impact”, claims Ian Cass, Chief Executive of the Forum.“The issue we have is that it is becoming increasingly clear that the government, ministers and MP’s do not fully understand how a small business works. Their own Regulatory Policy Committee pointed out, “Too often departments have failed to provide relatively basic evidence such as the proportion of those affected by regulations.”
All businesses have their challenges, opportunities and motivations but small businesses make up the largest part of the UK economy and it’s important that government understands them, makes regulation that helps rather than hinders them and addresses the issues that stop small business people building and developing their business and making it more productive,” adds Ian Cass.The Forum sets out its 10 point wish list:
1. A commitment to a better understanding of small business, their issues, opportunities and threats and to start introducing better regulation that helps, not hinders, them.2. Small businesses frequently find themselves operating at a disadvantage to large businesses, and have a couple of simple requests from government. To make it simpler to do business and give them a level playing field to operate on.
3. Clear communication of Brexit negotiations, keeping businesses well informed of the direction if not the detail.
4. Rewarding successful entrepreneurs. Consecutive governments have gradually removed rewards, and the dividend threshold should be raised to 10k for small business owners, the majority of who do not pay themselves the living wage.
5. Simplification of the tax system. Government needs finally to start working on simplifying and equally applying the tax rules in the UK.
6. Removal of unnecessary red tape that gets in the way of creativity and productivity.
7. A focus on education and training, addressing the skills gaps in the UK economy.
8. Promotion of good business practices, such as healthcare and stress issues.
9. Actively to put in place a regional rebalancing of the UK economy.
10. Clarifying the business rates discussion with an educated proactive debate on the future of our high streets and how business rates impact on this as part of our industrial strategy.
The Forum of Private Business is committed to helping the incoming government get closer to small business through its “Get Britain Trading” initiative, as set out in its website at www.getbritaintrading.co.uk.
Want more pre-election small business news, you might want to read:
Enterprise Manifesto Statement published by National Enterprise Network
and...
techUK launches 2017 Digital Economy Manifesto to challenge the next UK Gov
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Got a business in the manufacturing sector? These tips on how you can reduce energy costs while being more sustainable are well worth a read...
 Daniel Dierkes, David Schara, and Maximilian Geißinger 2.jpeg)
Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
Nassia Skoulikariti, Director of IoT Programmes, Mobile Ecosystem Forum shares some insights on how IoT is having a significant impact on all our lives.
.jpg)
Roger James Hamilton, Founder and CEO of Genius Group, a world-leading entrepreneur Edtech and education group, discusses how introducing a globalized curriculum will help better prepare students.
SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.
Thingtrax Secures £4.3M to Empower Manufacturers to Build the Factories of the Future
A measure of inflation relief for small firms sees transport costs fall but service price increases remain elevated
Bedfordshire-based HR tech startup HR DataHub has built a range of tools for HR departments
Published on: 1st June 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- SureIn Secures €4M to Close the SMB Insurance Gap 15th Aug 2023 Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
- SuperFi raises $1M pre-seed funding round 28th Jul 2023 SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
- Startups rely on AI & sustainability for new partnerships 27th Jul 2023 41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
- Another Round closes £300k Seed round to revolutionise personal training 21st Jul 2023 Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.
