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.
Starting a business can be a lot of hard work, so here's a few ways to avoid burnout and find a healthy work life balance.
At one-day event Ideation NI Thon, students will get the chance to solve global and local sustainability, environmental, city and health problems.
NI startup ESTHER, a peer-2-peer giving platform allowing charitable donors to give money directly to people living in poverty, head to New York for a 4-day fact finding mission.
The lowdown on how an Australian startup generated global sales for their innovative product, "weighted blankets"...
At 82% the UK takes 4th place in the list of countries being most ready for automation and robotics, whilst 30% of UK population’s jobs are at risk of automation.
The innovative game, eQuoo that helps users build their emotional fitness and thereby help fight their mental illness
The London-based femtech startup that is using AI and genetic testing to provide a tailored oral contraception service for women
Recent research by Starling bank shows that in 2019, women earned up to £12,319 less per year than their male colleagues of the same age and within the same industry
Brandtech group, You & Mr Jones, has invested in ethical video startup Good-Loop who have closed a US $1.6m seed funding round.
2019 saw celebrities contribute to start-up investments in record numbers, surpassing a previous spike in 2015.
Published on: 30th October 2018
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Ideation NI Thon at NI Science Festival sets out to solve global issues 17th Jan 2020 At one-day event Ideation NI Thon, students will get the chance to solve global and local sustainability, environmental, city and health problems.
- NI startup ESTHER takes flight to New York 16th Jan 2020 NI startup ESTHER, a peer-2-peer giving platform allowing charitable donors to give money directly to people living in poverty, head to New York for a 4-day fact finding mission.
- 2019 stats show that the gender pay gap continues 14th Jan 2020 Recent research by Starling bank shows that in 2019, women earned up to £12,319 less per year than their male colleagues of the same age and within the same industry
- Digital DNA Awards 2020 nominations now open 13th Jan 2020 The Digital DNA Awards, held in partnership with MCS Group, celebrate the best tech talent, from companies of all sizes, excelling in the world of Digital and Tech and not just in NI...
