Prime Minister and Darling Disappoint Small and Medium Sized Businesses Yet Again
Many employers including myself were baffled with the Pre Budget speech .
I had prayed that the Current Government would have provided support to businesses and started to address the important matters such as the on-going poor state of the public finances, Public sector Pay increases, helping and supporting small businesses, boosting saving and investing and forcing the banks to be practical about lending to business organisations.
Like most business owners I concur that we need to have a combined approach of tax spending cuts cuts.
The old statement from the Prime Minister is that immediate would hurt the UK economy and the recovery. My opinion is that although sweeping instant cuts could cause a problem, the timescales suggested is just a little too late.
It seems that the Chancellor is just piddling around the edges of reform and does not want to sway the boat too much before an election.
The upshot of raising public borrowing can be seen when you look at the Eire Economic System. The once Celtic tiger has had its claws removed. On-going cuts in earnings are a realism along with bruising proposals to bring down public borrowing.
I almost choked on my tea on wednesday, whilst watching the six o clock news. Local Government representatives were complaining about a limit on salary increments of 1%.
I would preferably be in that situation, as opposed to being a worker for local government or public sector in .
Many small business owners have actually taken pay reductions in the last year, due to the UK recession and slowdown.
As ifa’s we offer a Small Business Advice service to our clients on a monthly basis. I would have favoured to see a more radical approach to sustaining industries as they are an essential part of the UK business framework.
