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BFSB calls on Osborne to maintain small business growth

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The FSB urged the creation of a ‘right environment’ for small business growth through completing reforms in markets such as banking and energy, making Government support relevant through better focused schemes.

John Allan, National Chairman, Federation of Small Businesses, said: FSB research continues to show increased confidence across all sectors and notably in members investment and employment intentions. With the recovery underway it is important that businesses begin to feel the measures already announced are having a positive effect on their business. This is why the Chancellor should look at focus and delivery for initiatives already announced to create long-term growth.

The FSB has welcomed the Governments recent moves to support employment, notably the Employment Allowance and a pledge to cut red tape. The focus now needs to be on addressing fundamental structural issues. Getting more competition and transparency in key sectors such as energy and financial services will greatly help small firms.

Although the FSB welcomed the Employment Allowance and pledges to cut red tape, it said pro-enterprise policies need to be maintained to encourage job creation and sustained investment, as well as an increased transparency in the key markets of banking and energy.

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