Government and Darling Ignore the Pleas of Small and Medium Sized Firms once More
Numerous business owners including myself were with the Pre Budget speech .
I had hoped that the Current Government would have provided support to businesses and treated the crucial matters such as the actual wretched state of the public purse, Public sector Pay, providing support to small businesses, encouraging saving and investment and forcing the banks to be practical about lending to business organisations.
Like most people I agree that we need to have a combination of tax gains plus spending cuts cuts.
The old line of reasoning from New Labour is that immediate expenditure cuts would hurt the UK economy and hamper the recovery. My view is that although sweeping swift cuts could cause a stall in the economy, the timescales suggested is just a little too late.
It seems that the Chancellor is just fiddling around the edges of any reform and does not want to sway the boat too much just before an election.
The impact of raising public borrowing can be seen when you look at the Eire Economic State of affairs. The once Celtic tiger has had its claws removed. Actual cuts in earnings are a realism along with swathing proposals to cut back public borrowing.
I nearly choked on my dinner on wednesday, whilst watching the six o clock news. Local Government unions were about a limit on salary increments of 1%.
I would much rather be in that position, as opposed to being employed for the Public sector in .
Many small business enterprises have actually taken pay reductions in the last year, due to the slowdown.
As Financial Advisers we offer a Small Business Advice service to our customers on a day-by-day basis. I would have favored to see a more elementary approach to sustaining industries as they are an important part of the economy.
