In the first Queen’s Speech of the new coalition Government the Federation of Small Businesses (FSB) has  welcomed moves to safeguard jobs and supporting the UK economy through abolishing the proposed increase in NI contributions as well as the proposed investment in high-speed broadband.

The FSB, representing the interests of small businesses has been calling for a simplification of the tax system for some time and continues to urge the Government to implement measures which are clear and specific and fully evaluated, to ensure that small firms are not unduly burdened with excessive taxation. The coalition move to reverse the planned increase in National Insurance Contributions for employers has been welcomed and will help safeguard up to 57,000 jobs.

More than half of small businesses in the UK rely on the internet for up to 50 per cent of their annual turnover, so the Government plan to support investment in new high-speed broadband internet connections is also very good news for businesses. A speedy and reliable broadband service, especially in rural areas, would help small firms develop their businesses and become more efficient.

Tags: Broadband, Business, Government, Regulations, Small Business

This entry was posted on Tuesday, June 8th, 2010 at 2:47 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.