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Tuesday 29 March 2011

Small firms 'do not expect boost from Budget'

Small businesses have expressed concerns that the Budget will not have a noticeable positive impact on their firm.

A poll conducted by the Federation of Small Businesses (FSB) found 45 per cent believe the policies announced by chancellor George Osborne on March 23rd will have little effect on the day-to-day running of their enterprise.

However, a third said they were likely to receive a boost to their cash flow in the coming year because of the Budget, while 42 believed it would have no effect – either positive or negative – on their financial position.

John Walker, national chairman of the FSB, said: "The missing link in the Budget was measures to help all UK businesses to take on staff and grow their business. This could have been done easily through extending the National Insurance Contributions holiday to micro-businesses."

Speaking at the organisation's annual conference in Liverpool recently, Mr Walker expressed how essential small firms were to Britain's economic recovery, and expressed the need for the Budget to offer them a "helping hand".

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Posted by John Oak and Wayne BlyADNFCR-1617-ID-800479868-ADNFCR

Source: The Sales Director News

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