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Fuel Duty Rise will Slow Down Recovery for Small Firms

Fuel Duty Rise will Slow Down Recovery for Small Firms

The latest 2p increase in fuel duty will hit small firms hard, and is likely to impact on economic recovery, the Federation of Small Businesses (FSB) has warned. The rise is the third increase in nine months, and brings the average price of petrol across the UK to around 105 pence a litre. Calling the fuel price increase an unwelcome overhead at “a very difficult time”, the FSB warned that it would set back business recovery for many firms. “High fuel prices cause difficulties in every part of the economy, but small businesses that are dependent on cars, those who travel to their customers, or whose business is in haulage or logistics, are hit particularly hard,” said John Wright, National Chairman Federation of Small Businesses. “Rises in fuel duty could have... »

National Minimum Wage Rates Increase

Small Business News – 1st October 2007 The statutory Minimum Wage for adult workers rises again today from £5.35 to £5.52 and from £4.44 to £4.60 for 18-21 year olds. The rate also increases for 16-17 year olds from £3.30 to £3.40 an hour. For more detailed information read our briefing on Minimum Wage & Statutory Pay Obligations. »