In a letter in today's Daily Telegraph, undersigned by many of the CEOs of the largest businesses in the UK, British business has come out in favour of the Chancellor of the Exchequer's impending cuts to spending in the public sector.
The impetus behind this backing is that the British economy is in a sound enough footing [the green shoots etc.] to take up the strain of any natural wastage caused by government savings. This is a very fine statement by these businessmen except for one point, and that is that they are all on the board of a very large businesses.
It has long been a fact that most of the job creation in the UK has been done at the hand of the nation's small businesses, not the large, and these have not been consulted in the formulation of the letter. It is not so easy as signing a letter when you have to run a smaller business, banks are not quite so willing to extend credit, cover month to month expences: business health insurance policies; salaries; rent; insurance.
Small to medium businesses must never be confused, they have widely differing challenges, and need much different skillsets in management, it is almost impossible for large business leaders to make this claim, Mr Osborne needs, instead, to listen to the world of small business.
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Monday, 18 October 2010
Wednesday, 6 October 2010
Conservative Party Conference 2010
This is the week of the conservative party's conference, this year being held in Birmingham at the ICC, this, of course, should be attracting the attention of businessmen all across the country. The Conservatives being the party most affiliated with business have often maintained that small businesses and entrepreneurs are the best way to give any economy the impetus that is needed to keep the country on a sound economic footing.
To this end it is important that the Conservative party reiterates it's support to the little people who were not to blame for the disastrous state of the economy, and give a little git of leeway for those who are trying to get the country back on the right tracks. To this end it may not be necessary to raise taxes across the board, and the possibility of some form of tax relief, perhaps on some of the benefits awarded to good staff such as small business health insurance or maternity leave.
To this end it is important that the Conservative party reiterates it's support to the little people who were not to blame for the disastrous state of the economy, and give a little git of leeway for those who are trying to get the country back on the right tracks. To this end it may not be necessary to raise taxes across the board, and the possibility of some form of tax relief, perhaps on some of the benefits awarded to good staff such as small business health insurance or maternity leave.