Feeds

CBI demands action from Osborne

Budget hopes ahoy

Providing a secure and efficient Helpdesk

Business lobby group the CBI warned Chancellor George Osborne that the Budget must focus on helping UK companies grow by improving access to finance, cutting energy costs and increasing exports.

The CBI said the Chancellor should redouble efforts to increase exports. It welcomed recent moves to make export credit insurance more available to smaller firms.

It wants action to improve access to finance for small and medium enterprises. One way to do this would be to make the bond market more accessible to smaller firms by reducing corporate finance and placing fees.

The government could take on some of the risk of such bonds in order to make them more attractive to investors or offer tax incentives to anyone buying bonds from smaller companies.

It also said the Carbon Reduction Commitment should have incentives restored, or else the scheme should be scrapped.

The group called for action on fuel prices - an area in which Osborne has already hinted he may show mercy.

The CBI also wants changes to the Bribery Act which it fears could trap "legitimate business promotional expenditure". It wants evidence of corrupt intent including in the law.

It also wants to restore the two-year wait before staff can take action for unfair dismissal and reform employment tribunals. The CBI also wants to end the 50p tax rate and stop the extension of Air Passenger Duty.

The CBI's open letter to George Osborne is here.

The Budget will be presented to the House of Commons on 23 March. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.