Budget must boost small business confidence
Mar 01 2011
The Budget should provide small businesses with the confidence to create jobs, says FSB
The head of a national business group says the Chancellor’s Budget needs to provide economic stability to give small companies the confidence to grow when it is delivered on 23 March.
John Walker, national chairman of the The Federation of Small Businesses (FSB), has called on the government to ‘nurture entrepreneurship’ in order to create more jobs.
‘With the downgrading of GDP in Q4 2010, it is clear that the economy is in a precarious position and small firms that lack confidence in the business environment will find growth risky,’ he says.
In its Growth Manifesto the FSB calls on the government to do more to improve the prospects for growth among small businesses, thereby avoiding a jobless recovery.
It outlines several ways in which the government can enable the private sector to strengthen the economic recovery, including reversing plans to increase fuel duty from 1 April this year and introducing a fuel duty stabiliser to help control inflation.
The FSB also wants to see micro-businesses provided with the finance to take on an apprentice.
The organisation also argues for the extension of the Graduate Internship Scheme, which is due to end this month, to create an additional 5,000 places. The FSB claims this would contribute a further £8.77 million to the Treasury over the course of the year.
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