In General

Small businesses want the new government to prioritise a sustained economic recovery across all regions of the United Kingdom, according to a new study by the Federation of Small Businesses (FSB).

More than 2,300 small businesses were asked what they would like the Conservative Party to do to stimulate their respective sectors, with 35% saying that a stable and prosperous economy should be the top priority during the next parliament.

Limited companies and sole traders also want the government to reduce the cost of everyday business and provide opportunities for growth in all corners of the UK rather than just in London and south-east England.

Looking to the long term, small business said they would like ministers to reduce red tape and the regulatory burden, with 53% admitting that this should be a focus during the next five years.

Making the tax system more approachable and less convoluted was second on the list (51%), while reforming business rates and making young people more employable were also important goals for the government to achieve by 2020.

51% of the respondents said they were either very confident or confident that the government would help and support small businesses by delivering new legislation; however, 28% revealed that they were not hopeful of any worthwhile changes.

FSB national policy chairman, Mike Cherry said: “Today’s wide-ranging research sends a very clear message on what small businesses want from the new government ‒ a supportive, light-touch tax and regulatory environment in which to grow their business, creating prosperity and jobs.”

 

 

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