UK Chancellor scores 5 out of 10 for last pre-Brexit Budget
by Startacus Admin
The Forum of Private Business (FPB) has given the Chancellor 5 out of 10 for his last budget before Britain leaves the EU.
The Forum of Private Business, a leading not-for-profit, UK authority on business issues, representing the interests of business owners on many consultative bodies, scored the UK Chancellor 5 out of 10 for his last budget before Britain leaves the EU.An average assessment from the FPB.
Managing Director Ian Cass said: “We welcome the Chancellor’s moves to support High Street’s up and down the country, especially the commitment to cutting Business Rates by a third for some, but ask that this move is extended beyond the two years he announced.”
He added: “We need urgent action from the government relating to late payments. Small businesses are struggling because the larger businesses they supply are delaying their payments and we will continue to lobby both the Department for Business and the Small Business Commissioner to deal with this.
“On productivity, we welcome the Chancellor’s commitment to replace European funding for the British Business Bank if needed, and to extend Start Up Loans until 2021, but he could have gone further to support small and medium sized businesses, including by simplifying our complicated tax system.”
The Forum is concerned that the government still shows little real understanding of small business and the issues it faces, and because of this is still focussed on the symptoms rather than dealing with the disease, the short term fixes rather than the long term issues.
Cass points to the Forum’s ‘Get Britain Trading’ campaign as something which can stimulate the economy.
“We are asking the government to support businesses across the country as we seek to make the most of Brexit. We want to make sure that all those businesses that have the opportunity to develop through exporting are doing so," said Cass.
For more Budget analysis - read: Chancellor’s ‘little extras’ will not undo 8 years of cuts to public services, says TUC
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.
Effective branding should reflect your business and what you're about - this advice and these tips will help you ensure that it does just that
The FreelanceHER 100 accelerator programme launches to empower Manchester-based women working in digital, creative, media and technology to meet their business needs and growth ambitions
The innovative car management app, Caura releases a new insurance product to help reduce the cost and time taken to insure a car
.jpeg)
If you're considering starting up an online business, here are a few of the key ways that you can intensify what you do to sell more
If your business is going to survive, here are some of the key areas where compliance is essential and where negligence could cost you...
.jpeg)
5 tips on how businesses can successfully set up their website to convert customers to a sale for the all-important upcoming Black Friday
Justin Nihiser, CEO of kids coding specialist, Code Ninjas, is about to discuss, there are multiple advantages to starting a business later in life
The lowdown on Cash Flow Revolution, the new report from Asto, outlining the key issues currently being faced by small businss owners in the UK
Recruiting can be a tad easier if you focus on these key areas when you're reviewing a Candidate's CV or resume
Kind Bag is a startup that’s on a mission to “combat plastic pollution accelerating the use of recycled material in the fashion industry”.
Published on: 30th October 2018
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- IN4.0 with The Landing launches accelerator to inspire and empower female freelancers 24th Nov 2020 The FreelanceHER 100 accelerator programme launches to empower Manchester-based women working in digital, creative, media and technology to meet their business needs and growth ambitions
- New report reveals British business owners are craving financial control 19th Nov 2020 The lowdown on Cash Flow Revolution, the new report from Asto, outlining the key issues currently being faced by small businss owners in the UK
- Beauty company run by entrepreneurial teen supports #BeautyBacked campaign 16th Nov 2020 The 14-year old entrepreneur who started a beauty business this year and is now supporting the #BeautyBacked campaign to help those adversely affected by the latest lockdown
- New Work Mindset Report reveals 88% of UK want to be in the office at least once a week 12th Nov 2020 Huckletree, the leading Coworking accelerator launch new report revealing the experiences and learnings of working from home and the shift in attitudes to returning back to offices
