Chancellor must use Autumn Statement to cement commitment to small firms

The Chancellor should cement the government's commitment to small businesses in his Autumn Statement, according to the Federation of Small Businesses (FSB).

The FSB has called for a strong stand against late payments; an extension to the 75% business rates discount for retail, hospitality and leisure businesses beyond March 2024; and training in new skills to be tax-deductible for the self-employed.

It has also urged action to increase housebuilding through the introduction of a new Brownfield Development Relief and new measures to help reduce health-related labour market inactivity.

Martin McTague, National Chair of the FSB, said:

'This Autumn Statement cannot be business as usual. We need focused action. With inflation barely budging, the Chancellor has a golden opportunity to spur the economic vitality the UK needs.

'We need clear plans to help small businesses grow. Small firms were key to helping the economy bounce back in 2008, and to replicate that, we need to face this issue head on.

'The government must act swiftly to end late payments, extend business rate relief and eliminate the perverse disincentive against acquiring new skills.'

The 2023 Autumn Statement will be presented to Parliament on 22 November.

Internet link: FSB website GOV.UK

Home | Contact us | Site map | Accessibility | Disclaimer | Privacy | Help |

© 2024 Manningtons. All rights reserved. We use cookies on this website, you can find more information about cookies here.

Manningtons, 8 High Street, East Sussex, Heathfield, East Sussex TN21 8LS | powered by totalSOLUTION
Battle Office, 39 High Street, Battle, East Sussex TN33 0EE

This firm is not authorised under the Financial Services and Markets Act 2000 but we are able in certain circumstances to offer a limited range of investment services to clients because we are members of the Institute of Chartered Accountants in England and Wales. We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide.

Registered to carry out audit work in the UK and regulated for a range of investment activities by The Institute of Chartered Accountants in England and Wales. Our registration number is C001366129 and details can be found on www.auditregister.org.uk. Also practising as Manningtons Ltd. Company No. 04988891 Registered in England & Wales at the above address.