Feeds

More than just snow hurting small biz

Time for Osborne to act, say SMB groups

Internet Security Threat Report 2014

Yesterday's fall in GDP cannot be blamed on mere bad weather and shows the government must do more for small businesses or risk a double-dip recession, business lobby groups have said.

Yesterday, the Office for National Statistics said the GDP fell by 0.5 per cent in the fourth quarter of 2010, compared to 0.7 per cent growth in the third quarter.

Chancellor George Osborne said there was no way he would change policies because of "one very cold month".

The Federation of Small Business (FSB) said the year had brought nothing but bad news for smaller firms – including VAT rises, fuel duty and negative GDP.

John Walker, national chairman of the FSB, said the government could not just cut its way to growth. He said other countries had cut VAT in some areas, such as construction. Walker wants to see an extension to the National Insurance holiday and action on the manifesto pledge to introduce a fuel stabiliser.

The Forum of Private Business blamed slow movement on bank reform – notably their continued refusal to lend to small companies on an affordable basis and failure to act on late payments – which it said was doing more damage to the UK economy than snow.

Alex Jackman, senior policy adviser at the FPB, said the cold winter had had an impact but warned that "still not enough has been done to remove the shackles created by tax, red tape and the continued lack of affordable funding preventing SMEs from growing, creating jobs lost in the public sector and driving real, sustained economic recovery".

The complaints mirror remarks earlier this week from big business lobby group the CBI calling for government action to get the economy back on track... The group warned that the coalition had failed to show any imagination or vision for the UK economy beyond engaging in an orgy of spending cuts.

More on small business reaction to GDP numbers here. ®

Security and trust: The backbone of doing business over the internet

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.