Business Car Manager: Editor’s Blog
SO FAR, so good it seems with the Cameron/Clegg coalition programme for government. There appears to be lots of correct noises about making life easier, less burdensome for small businesses, which has to be a big plus.
In particular, stimulating SMEs with lower corporation tax is an ideal way to increase employment and productivity.
At the moment, the various business bodies are all saying much the same thing. It all sounds good, but we’re still cautious.
This is what David Frost, director general of the British Chambers of Commerce (BCC), had to say:
“We will be pressing for more detail on the coalition’s proposals around reforming capital gains tax and simplifying reliefs and allowances. Changes to these tax regimes have the potential to either help or hurt the UK business environment so ministers must tread carefully to avoid affecting entrepreneurship and enterprise.
“The coalition’s steps to roll back the rise in employer National Insurance will help. But, the increase needs to be cancelled in full to support business growth and job creation.
“Moves to improve access to finance for smaller firms