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Chancellor right to focus on the fundamentals says FSB PDF Print E-mail
Wednesday, 18 March 2015

Reacting to the Budget announcement, the Federation of Small Businesses (FSB) has welcomed measures that should support already robust confidence amongst its members. John Allan, National Chairman, FSB, said:

“Our members will be encouraged by many of today’s announcements. The review into business rates is long overdue. When complete, it must deliver tangible benefits to businesses and not end up as just another report that sits on the shelf. Finally committing to set the Annual Investment Allowance at an appropriate level at the Autumn Statement will provide the certainty needed for businesses to plan and invest - something badly needed if the UK is to raise its productivity.

“We are especially pleased that the idea for a single digital tax account is being taken forward. This is something we have long advocated – featuring prominently in our 2015 Business Manifesto. Implemented properly, this should reduce the time businesses take to complete their tax returns, and offers opportunities to deliver targeted support. The abolition of Class 2 National Insurance contributions for the self employed is also a welcome step.

“Of course, this can only work if businesses have sufficient broadband to access the system. There were some helpful measures to help with getting connected. The extension of the superfast connection vouchers will help small businesses in more urban areas. We look forward to reviewing the details of the new digital communications infrastructure strategy. Access to superfast services is a key requirement for small businesses. Delivery of this strategy will be critical to future-proofing the national economy.”

(Source - FSB Comment)  


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