More than 90 per cent of UK small companies are unhappy over last week’s Budget, with many left feeling disappointed by the Chancellor’s proposals.
A snap poll of small firms by the Forum of Private Business found that only five per cent believe the Chancellor’s proposals in the 2010 Budget will create an environment in which their business can grow.
Commenting on the findings, FPB chief executive Phil Orford said: ‘Judging from the feedback our members have given us, smaller firms don’t feel that the Chancellor laid the foundations for a better environment in which to do business. At the same time, they’re not taking the Budget too seriously because of the imminent election.’
Almost a third (45%) of respondents also believed the Budget had a negative impact on employment, possibly down to the increase in NIC contributions.
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