"We're a month away from employment costs going up, business rates going up and energy bills going up. The Chancellor missed the chance today to address the costs stack about to hit small firms."
"The downgrading of the growth forecast for this year will be no surprise to small businesses, where cost burdens have already started reducing growth plans, cashflow and job creation in our local communities."
"Given the heightened global tensions of recent days, if there is another energy price crisis the Government must stand ready to bring forward a package of help for small business energy consumers, akin to during the last huge price spike."
Small businesses and self-employed workers in the UK face a significant cost crunch beginning in April, with employment costs, business rates, and energy bills all set to increase simultaneously. The Chancellor's recent budget failed to provide relief measures for these pressures. The downgraded growth forecast reflects existing challenges already impacting small firms' expansion plans, cash flow, and hiring decisions. Given current global tensions and potential energy price volatility, the government should prepare emergency support packages similar to previous crisis interventions. Small business leaders are calling for decisive government action to reduce taxes and costs that threaten firm viability, employment creation, and local economic prosperity.
#small-business-costs #uk-economic-policy #employment-and-business-rates #energy-price-crisis #government-support
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]