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A survey of small firms has revealed that the overwhelming majority think the Chancellor hasn't run the economy in a way that helped their businesses.
The Forum of Private Business (FPB) asked SMEs whether the chancellor has run the economy in a way that was beneficial to their business.
In all, 87% of the respondents answered "no", about 5% said 'yes' and almost 8% said they didn't know.
The FPB says the chancellor should reconsider his 2002 increase in employers'
national insurance contributions, link further rises in the national minimum
wage to the retail price index and increase small business rates relief
thresholds to match Scottish levels.
The group would also like the chancellor to link the duty charged on vehicle
fuel to the price per barrel available on the international open market.
Under the proposal, duty would be set at a level to deliver a target price at
the pump.
As the international price of oil rises, duty will fall, and as the price
of oil falls, duty will rise. The vast majority the businesses who responded to
the survey said this would help their business.
Source:
RedAlert
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