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.
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: 30th October 2018
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.
