Martin McTague, national chair of the Federation of Small Businesses, said that the tens of thousands of small firms and operators would be feeling “shortchanged” by the Budget, arguing that they had been “overlooked and undervalued yet again”
said the change would not cushion all of the pain for companies, as a leap in the corporation tax rate next month will represent the heaviest burden on businesses since the levy was introduced in 1965.
She added: “Almost half of businesses have told us they will struggle to pay their energy bills from April, and they cannot invest when they are fighting to survive. There is little that will provide comfort to these firms.” “The CBI called for action on people and productivity and the government has delivered support for both. Measures to help households and businesses will secure the growth we need to boost living standards for all.”
“While there are some positive words in the Budget, the Government’s lack of support for small firms in critical areas is glaring. The Chancellor stressed that the UK is one of the best places to do business and we’ll avoid a technical recession this year – but small businesses need more ambition and more focus. Action is what counts if we are to reverse the 500,000 small businesses lost over the last two years.
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