Gordon Brown tries to reassure small business community
In a move which will never actually happen in real life Gordon Brown has publically called for all NHS Trusts and local councils to pay their suppliers within 10 days of being invoiced in order to assist with business cash flow. However, these are plans which we have all heard before and never seem to happen - when was the last time you had a claim or a payment made within 10 days never mind a business invoice?
This is all yet more spin for the newspapers but the UK business community is now wise to the ways of the Labour spin doctors as shown in a recent survey by the CBI. Businesses have been demanding help for some months now and while little assistance has materialised for the smaller businesses the authorities have managed to find hundreds of billions of pounds for the banks who are partly to blame for the current slowdown.
Tax breaks, business tax holidays or any other delaying tactic to allow small firms to retain there funding to help with cash flow would have been appreciated but little has been given. While the Tory call for tax cuts in the business arena may well prompt some action from the government it is all too little too late and something which could easily have been avoided at this stage of the slowdown.
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