Gordon Brown and the Chancellor of the Exchequer Deaf to the Pleas of Small and Medium Sized Firms Yet Again
A vast number of employers including myself were baffled with the Pre Budget speech .
I had wished that Mr Darling would have helped small businesses and treated the crucial problems such as the current poor state of the public purse, Public sector Pay, Aiding small companies, encouraging saving and investing and making the banks to be practical about lending to business organizations.
Like most I agree that we need to have a combination of tax in addition to spending cuts cuts.
The old statement from New Labour is that accelerated expenditure cuts would hurt the UK and the recovery. My perspective is that although sweeping rapid cuts could cause a problem, the length of time proposed is just not quick enough.
It seems that the Chancellor is just tampering around the edges of any reform and does not want to rock the boat too much just before an election.
The impact of increasing public borrowing can be seen when you look at the Eire Economic System. The once Celtic tiger has had its claws extracted. Actual cuts in public sector pay are a realism along with drastic proposals to bring down public borrowing.
I almost gagged on my supper last night, whilst watching the six o clock news. Public sector unions were about a cap on salary increases of 1%.
I would be in that situation, as opposed to being a worker for local government or public sector in Eire.
Many small company directors have actually taken pay cuts in the last year, due to the economic slowdown.
As Financial Advisers we offer a Small Business Advice service to our clients on a day-after-day basis. I would have chosen to see a more elementary approach to supporting business & small businesses as they are an vital part of the economy.
