The PM and the Treasury Offer no Help to Small and Medium Sized Companies once More
Numerous individuals including myself were disappointed with the Pre Budget announcement .
I had prayed that would have been proactive and dealt with the important subjects such as the actual wretched state of the public purse, Public sector Pay increases, Aiding small companies, encouraging saving and investments and encouraging the banks to be practical about lending to business sectors.
Like most business owners I agree that we need to have a combination of tax plus cuts in spending cuts.
The old argument from New Labour is that immediate would hurt the UK and handicap the recovery. My view is that although sweeping instant cuts could cause a stall in the economy, the timescales projected is just a little too late.
It seems that the Chancellor is just tampering around the edges of reform and does not want to rock the boat too much an election.
The upshot 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 taken out. Actual cuts in public sector pay are a realism along with forceful measures to shrink public borrowing.
I almost choked on my supper last night, whilst watching the six o clock news. Public sector employees were upset about a cap on salary increases of 1%.
I would much rather be in that situation, as opposed to being a worker for the Public sector in .
Many small company proprietors have actually taken pay cuts 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 chosen to see a more basic approach to supporting business & small businesses as they are an vital part of the economy.
