The budget date is set for Wednesday 24th and we’re all wondering what strategies Darling will have in store to reduce the growing £178bn fiscal deficit. Having experienced some of the most turbulent times on record, small business owners will be calling for the Chancellor to restore confidence in the UK economy and asking for the needs of small businesses to be taken into immediate account.
According to research conducted by YouGov and commissioned by Intuit, the driving force behind Small Business Britain, over 45% of British small business owners want banks to offer better rates for their small business customers, 35% want interest cuts to be passed on in full and 40% believe that a reduction in employers’ national insurance contributions are essential.
However, while these are the issues that matter the most to small businesses, many are questioning whether Darling will actually be able to address them with the General Election looming:
“We need a clear plan from government on spending and taxes, but this will only be clear after the election.” (Julian Lewis, MD of Positive Computing)
This month’s budget looks set to be an interesting day, especially as the nation starts to look beyond the recession. We’ll definitely be tuning in on budget day and reporting on the issues that concern UK small businesses, so be sure to check out the blog.
If you’re a small business owner with a view on the Budget why not get involved with our discussion at www.smallbusinessbritain.co.uk
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Posted by: Allen Mass | 29 April 2010 at 11:38 AM