David Cameron’s government

Small Businesses Starting to Lose Confidence in Government

Small Businesses Starting to Lose Confidence in Government

A large proportion of UK small business owners are frustrated with the lack of government support with many worried about the negative effect taxes on dividends and the new National Living Wage (NLW) could have on their business. The research by Smith & Williamson, as part of its latest quarterly Enterprise Index, found that the number of small firms that are dissatisfied with the government’s level of support has risen by 10% in the last three months to 30%. Companies stated that, while “broadly supportive” of David Cameron’s government, they were disappointed with the new mandatory NLW (which will rise to £7.20 from April 2016) and the new dividend taxes. Announced in the summer Budget, the dividend taxes will  mean that basic-rate payers have to pay tax on dividend income. This new ... »