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| Government Providing Enough Support For Businesses? |
| Thursday, 22 December 2011 09:41 |
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So what do businesses want to see? Almost a third wanted the 50p rate of income tax scapped to improve trading conditions, around a quarter think banks should be compelled to offer improved access to finance for small businesses and 40% think a VAT reduction of 2.5% would be of real benefit to SMEs. Edward Rimmer, UK chief executive at Bibby Financial Services, says "Looking ahead to next year it is clear there is great uncertainty among the business community as well as a lack of faith in government plans to take the economy forward. Many of the business owners in the survey said there has been a lack of information available about funding and that sole traders and micro businesses are finding it particularly tough. That is why we need to be reaching out to those businesses who feel they have few options when it comes to funding and support to make them aware of the funding solutions that are available, such as invoice finance, so that next year is a better prospect for business growth." To find out what Paper Mountain Solutions can do to help your business grow and become more efficient contact us today.
Image: Graeme Weatherston / FreeDigitalPhotos.net |



A recent survey has shown that six out of ten businesses in the UK don't believe the government is providing the right support for economic growth. The study, by Bibby Financial Services, found that just 8% of those questioned felt that the correct measures are in place to prevent a double-dip recession in 2012. This is despite the measures announced in the Chancellor's recent Autumn Statement aimed at kick starting the economy.