Is It Time To Help Small Businesses?
The UK has long been a hive of entrepreneurial spirit from the likes of Richard Branson to Sir Alan Sugar, but are the authorities doing enough to help small businesses? Is it time to offer them a little more support?
The small business sector in the UK has always offered a very useful support to the main economy even though it is often the larger groups which grab the headlines. The internet has also given something of a boost to the sector with literally hundreds of thousands of the UK population 'going online'. But is the taxation environment helpful to small businesses?
There is a growing concern that the sector has been somewhat forgotten in the current troubled environment with taxation and financial assistance centred on the larger groups of the UK. Many are calling for reduced taxation and less red tape for smaller companies in order to allow them to flourish. Some at the Treasury seem to forget that these small acorns may well be the large oaks of tomorrow and could contribute substantially to future taxation income.
Many small business people are also concerned that the growing power of the EU is putting UK businesses behind their European counterparts and making life more and more difficult.
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