Businesses are imploring the new government to lower taxes and property rates as they are struggling to compete with online retailers.
During the election campaign, David Cameron promised to keep taxes low and cut regulation for small businesses.
Philippa Roe, leader of Westminster Council, said:
“There is a real appetite for change, to make the system fairer to businesses while giving local areas the tools they need to drive growth and jobs.”
Small companies in particular are asking to stop imposing corporation tax on firms with fewer than 50 employees stating that it preventing business growth.
If rates aren’t reviewed soon, more and more small businesses will have to shut up shop as they can no longer compete with big companies.
Lord Saatchi writes:
“The Policy, as I call it, would therefore abolish corporation tax for 90 per cent of UK companies, reduce the deficit faster than predicted by the Office for Budget Responsibility (OBR), expand employment faster than it predicts, increase competition, challenge cartel capitalism and let millions of people grow tall.
The nation as a whole will benefit from a change in culture as big as Right to Buy in the Eighties; there will be greater economic growth and lower unemployment than currently forecast by the OBR, more competitive market places, and more freedom and independence from Big Government and Big Companies.”
We’re inclined to agree and we support small businesses and start-ups here at Business Juice. We appreciate the difficulty of keeping afloat and trying to cut costs where possible.
We help businesses of all shapes and sized to save money on their business energy. For a quote, call us on 0800 051 5770.