The Chancellor should cement the government's commitment to small businesses in
his Autumn Statement, according to the Federation of Small Businesses (FSB).
The FSB has called for a strong stand against late payments; an extension to the
75% business rates discount for retail, hospitality and leisure businesses
beyond March 2024; and training in new skills to be tax-deductible for the
self-employed.
It has also urged action to increase housebuilding through the introduction of a
new Brownfield Development Relief and new measures to help reduce health-related
labour market inactivity.
Martin McTague, National Chair of the FSB, said:
'This Autumn Statement cannot be business as usual. We need focused action.
With inflation barely budging, the Chancellor has a golden opportunity to
spur the economic vitality the UK needs.
'We need clear plans to help small businesses grow. Small firms were key to
helping the economy bounce back in 2008, and to replicate that, we need to
face this issue head on.
'The government must act swiftly to end late payments, extend business rate
relief and eliminate the perverse disincentive against acquiring new
skills.'
The 2023 Autumn Statement will be presented to Parliament on 22 November.
Internet link: FSB website GOV.UK