Feeds

Small firms say UK taxes are strangling growth

But will take on more staff anyway

Combat fraud and increase customer satisfaction

The Federation of Small Business has found that its members would happily take on more staff if they weren't groaning under the financial burden of keeping the British government ticking over.

The organisation also predicted a rise in unemployment, giving its members even more reason to rail against the taxes they will have to pay to support the people they can't give jobs to.

The organisation's latest survey found that more than half its members believed UK taxes were preventing them taking on more staff.

It was businesses in the South East that were most irked by the prospect of subsidising the state apparatus, with 64 per cent of them saying taxes had a negative impact. The figure in the North West was 60 per cent, and 59 per cent in London. The figure across the country was 58 per cent.

While a survey late last year suggested that 19 per cent of small firms would take on more staff, the organisation expects a rise in unemployment in the short term.

It called for a cut in national insurance or freeze in national insurance rates, with a rebate for small businesses to stimulate employment.

"A cut in National Insurance Contributions would encourage small businesses to take on more staff and grow their business," national chairman John Wright said.

"Small firms can help to strengthen economic recovery if they are given a chance to grow and flourish, but they will need a helping hand."

It was not clear if the FSB reckoned an NI cut would lead to its members taking on even more staff than they already planned. Its late 2009 survey showed 27 per cent of its members expected to take on workers this year, with 23 per cent in the North East planning to expand their workforce.

The lowest proportion of small firms expecting to hire more workers was Yorkshire and Humberside, where just 16 per cent expect to lengthen the payroll. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.