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What UK SMEs want from the new Government


The first survey of small businesses since the election found 35% wanted a sustained economic recovery, while 30% wanted cheaper business energy.

A survey from the Federation of Small Businesses (FSB) suggests that ministers will have to move quickly to demonstrate their commitment to back small business: when asked how confident they are the new Government will deliver for small businesses, just over half (51%) were either confident or very confident, against around a quarter (28%) either unconfident or very unconfident.

National policy chairman of the FSB Mike Cherry said that the survey results show that businesses want stability and certainty first and foremost. “This requires putting public finances on a sound footing, and then for Ministers to give a comprehensive vision for how they will support enterprise followed by a clear timetable for when they will deliver it.”

Other important priorities for business owners were lowering the cost of doing business and ensuring growth in every nation and region of the UK, not just London and the south east.

When asked what issues they would like the Government to focus on over the next five years, over half (53%) wanted the regulatory burden on business to be tackled, closely followed by simplification of the tax system (51%).

Business gas and electricity suppliers

Lower energy costs for businesses were also in the top ten (30%) issues for those surveyed by the FSB. The priorities listed are very similar to those in the SwitchMyBusiness.com manifesto. Ensuring cheaper businesses gas and electricity is one of our founding principles. Calling smaller businesses the “forgotten sibling of corporates and consumers”, Ivan McKeever, the SwitchMyBusiness.com CEO, publicly appealed for the Conservative Government to crack down on unfavourable contracts: “Urgent action is needed on energy: we need to stop the ‘silent lock in’ whereby businesses are unwittingly rolled onto unfavourable rates when their contracts end. Greater transparency on pricing and easier termination of contracts will drive competition, meaning more choice and lower prices.”

In fact, many small businesses are already losing out on much cheaper gas and cheaper electricity. Lower energy prices means switching to a better deal could bring benefits for the next two, three or even four years.

SwitchMyBusiness.com offers a straightforward solution, cutting bills by up to 70%, with exclusive supplier rates. Thousands of businesses have already saved an average of £747 per switched meter with a call that takes less than five minutes. For an impartial expert option, fill in the form at the top right of this page or call 0800 411 8830

 

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This review was posted by Alan Duffy on the 31st of March 2017

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