budget 2010

Majority of Small Firms Unhappy with Budget

Majority of Small Firms Unhappy with Budget

More than nine out of ten small firms were dissatisfied with this year’s Budget, a poll by the Forum of Private Business (FPB) has revealed. In a survey of FPB members, just five per cent believed Chancellor of the Exchequer, Alexander Darling’s, proposals would enable their business to grow. Nearly nine in ten (87%) said the Budget would not increase business or consumer confidence. Only ten per cent rated the Budget as “good” for small firms. The disappointing results come despite the Chancellor’s attempts to win over the small business sector with measures such as a temporary increase in small business rate relief and an agreement with state-funded banks to boost lending. Much of the discontent revealed in the FPB survey appeared to be directed at the plann... »

A Balancing Act Budget, says ACCA

But the Finance Bill risks a rush through Parliamentary process Today’s Budget speech brings few giveaways, says ACCA (the Association of Chartered Certified Accountants) in response to the Chancellor’s statement. Chas Roy-Chowdhury, ACCA’s head of taxation, says: »