FSB calls on government to 'think small'

The Federation of Small Businesses (FSB) has urged the government to help businesses as the chancellor sets out tax increases in next week's emergency Budget.

While admitting that rises in VAT and capital gains tax must take place to help the country out of recession, the group has also appealed for measures that will "inspire confidence in the future and allow businesses to innovate, grow and employ".

Such measures suggested by the FSB included a consideration over the timing of a VAT rise, which can cost businesses thousands of pounds in administration alone.

However a 'sunset clause' would allow business owners to plan for the future.

John Walker, national chairman of the FSB, commented: "While the FSB does not want to see taxes increased we understand that reducing the budget deficit is a key priority.

"The chancellor must use the Budget to set out his pro-business credentials and offer something to stimulate growth."

Chancellor George Osborne will announce the Budget on June 22nd.

Posted by Morag Lyall

Published on: June 16, 2010

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