News

FPB warns budget is likely to be bad news for small businesses

The Forum of Private Business is warning the 2008 Budget is likely to heap an unfair tax burden on small businesses.


The FPB’s Policy Representative, Matt Goodman said:  “The FPB is urging the Chancellor to radically rethink many of his ideas, in particular his tax plans, which specifically disadvantage smaller businesses. Issues such as excessive legislation, unfair competition and the dearth in work-ready, skilled employees leaving education must also be addressed as a matter of priority.”


The Chancellor of the Exchequer, the Rt Hon Alistair Darling MP, will announce the Budget on 12 March.


The FPB is also calling for employers’ National Insurance Contributions to be reduced. The current NI exemption for holiday pay will be withdrawn from 30 October 2008.

Share article

View Comments

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.