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Small businesses make pre-Budget submission

13 Mar 2015

The Federation of Small Businesses (FSB) has submitted its Budget proposals in the run up to Chancellor’s speech.

Current figures show that businesses in general increased their workforces in the first quarter of 2015, up by 2% on the same period last year, combined with improved wages. The FSB requests to the Government reflect this positive change, seeking to maintain and ensure it continues in the future.

National Chairman for the FSB, John Allen, said: ‘In many areas, the foundations are in place. What we now need is to allow the reforms that have been made to bed in, and finish the roll out of those recommendations and reforms still needing to be put into action’.

The group’s proposals include:

  • Simplifying tax, to reduce the costs incurred when meeting their tax obligations, including a single tax account for small businesses.
  • Reformation of business rates, in accordance with a Structural Review set out in 2014.
  • Creation of faster broadband infrastructure for areas outside of London.
  • Further investment into quality apprenticeships for young people, including the 20 million promised by the Chancellor in 2014.
  • More support for small firms to procure export finance in order to grow their business overseas.

Mr Allen added: ‘The Chancellor should avoid the temptation for a pre-Election give away and focus on maintaining fiscal discipline, and delivering supply side reform that will boost long-term growth’.