In the Federation of Small Businesses’ (FSB) first budget submission to the new Government it has called on the Chancellor to strengthen the landscape for small businesses and enterprise by continuing to reduce the deficit, stimulate growth and back ambitious small businesses. The latest FSB research released this month found positive momentum building for small firms with record levels of revenue, strong investment intentions and increased employment all being reported. Importantly, small business productivity grew by 1.4% year-on-year in Q4 2014, at a time when productivity across the UK as a whole increased by only 0.3%.
To build on these positive developments within the UK’s 5.2 million small firms, the FSB would like to see the Budget address small business concerns in key areas including skills shortages, reforming and simplifying the tax system, helping more businesses export and investing in the UK’s infrastructure.
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