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Chancellors rallying cry for Government to choose growth is exactly what the economy needs, say small firms

Business / Thu 30th Jan 2025 at 08:56am

FOLLOWING the Chancellor’s speech announcing the Government’s Plan for Change today, Tina McKenzie, Policy Chair of the Federation of Small Businesses (FSB), said:

“Today’s rallying cry for Government to choose growth is exactly what the economy needs. It sends a strong, confident message that from now on growth comes first, and any barriers to that will be erased. 

“This decision on Heathrow is totemic, and faster action to unblock decisions on infrastructure projects is entirely right. Small firms want to see infrastructure upgrades and to enjoy the benefits of better connectivity. Increased exports, tourism, and more growth-oriented regulations will help to unlock success.  

“The Chancellor is right to tackle supply-side constraints, and now we must see every single Cabinet Minister, and every arm of the state, double down on growth action and scrap anti-growth policies that hold businesses, jobs and living standards back.

“To get these new projects built rapidly and cost-efficiently, Government must use our fantastic small engineering, construction and business sector, with a much-improved procurement process, simpler applications and set targets for SME involvement.

“Today’s announcements must herald the start of an unyielding focus on growth, and more action to help small firms. Pro-growth choices, whether through the Spending Review, the next King’s Speech with a new Small Business Bill, action on regulators, improving the Employment Rights Bill and revolutionising HMRC’s customer service, are an absolute must. The whole country needs to prove the UK is a great place to do business, and that entrepreneurs can be given the confidence necessary to make growth a reality.

“While there is a huge amount to do, the ambition on show today points the way forward for Government. So much is needed, but better, stronger growth is possible. Small firms are the ones who will help us achieve big growth in the areas that need it the most.”

5 Comments for Chancellors rallying cry for Government to choose growth is exactly what the economy needs, say small firms:

Adam
2025-01-30 10:18:55

The FSB again getting it wrong all the chancellor is doing is talking, words are cheap. Look at her actions and those of her government high energy prices due to net zero make us globally uncompetitive, then there is the tax raid on jobs with increased NI and lowering thresholds. Plus we also have bonr rates higher than ever before even Liz T supposedly crashed the economy but she really did not however Rachel from accounts has. If you work in a customer service job etc get ready for mass redundancies this year, it is going to get worse and labour not the conservative have a clue about creating growth. We need low taxes, low regulation, low cost of energy (drill baby drill) and a small state and many people removing from its teat.

Guy Flegman
2025-01-30 16:50:46

Tell me how the increase tax on workers and employers, the increase in IHT and the increase in vehicle tax is going to bring growth.

David Forman
2025-01-31 11:55:30

It removes to reduce democratic accountability. What about the rights of people living near Heathrow to protest against more noise and pollution? How does the government maintain the facade of a green agenda with this decision?

David Forman
2025-01-31 12:21:30

The trade union backed Morning Star newspaper strongly disagrees with Rachel Reeves. Their editorial is well worth a read, but the quote from the Unite union encapsulates their argument: 'As Unite leader Sharon Graham points out, “unleashing corporate greed” is not some novel solution to the country’s ills, but more of the same. “They claim that if we tear up safeguards on markets, while keeping labour regulations among the tightest in the world, then somehow property developers, tech billionaires, and the City will deliver a growth miracle. That approach hasn’t worked in the last 45 years, and there’s no reason it will in the next five,” she warns.' See https://morningstaronline.co.uk/article/reevess-growth-plan-repeats-failed-policies-all-recent-governments

Guy Flegman
2025-02-01 09:15:33

Most rich people do not keep cash as it’s a poor investment. Instead they have their money invested in markets around the world or their business empires and that is then used for growth and creating jobs. The billionaires generally have large amounts of debt, which if large enough can strangely be classed as an asset and borrowed against which again is used to create jobs and growth. Taxation,tariffs and austerity all stifle growth, but can bring some balance to economies that are out of balance and should be used to steer economies not control economies.

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