PM and Alistair Darling Fail Small and Medium Sized Employers Yet Again
Lots of business owners including myself were baffled with the Pre Budget speech .
I had wished that would have grasped the nettle and started to address the essential subjects such as the present-day dreadful state of the public finances, Public sector Pay increases, supporting small companies, promoting saving and investment and encouraging the banks to be practical about lending to businesses.
Like most business owners I agree that we need to have a combination of tax increases expenditure cuts.
The old line of reasoning from government ministers is that accelerated expenditure cuts would hurt the UK economy and handicap the recovery. My thought is that although sweeping swift cuts could cause a problem, the length of time projected is just too slow.
It seems that the Chancellor is just fiddling around the edges of any reform and does not want to rock the boat too much prior to an election.
The upshot of increasing public borrowing can be seen when you look at the Irish Economic System. The once Celtic tiger has had its claws removed. Present-day cuts in public sector pay are a realism along with forceful measures to trim back public borrowing.
I virtually gagged on my tea last night, whilst watching the six o clock news. Local Government representatives were about a ceiling on salary increments of 1%.
I would be in that situation, as opposed to being a worker for the Public sector in Eire.
Many small business owners have actually taken pay cuts in the last year, due to the slowdown.
As ifa’s we offer a Small Business Advice service to our customers on a daily basis. I would have favored to see a more fundamental approach to supporting business & as they are an key part of the UK business framework.
