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SMALL BUSINESSES GETTING HAMMERED AGAIN

With less than 48 hours to go until the chancellor’s annual budget, one might wonder what is in store for small businesses.  Oil prices are at an all time high and there is no sight of any stabilisation soon.  One hopes the chancellor starts realizing the worth of small businesses and stop playing into the hands of “fat cats” and greedy bankers.  After all, it is left to small businesses and average workers to sort the economy out so the debt isn’t passed unto our children and future generations.

The chancellor needs to remove the ridiculous amount of tax that is levied unto fuel cost in order to help small to medium businesses start the recovery process instead of reducing the 50p tax rate for people earning over £150,000 per annum to 45p which is about 1% of the population.  These people can afford to pay lawyers and accountants to mitigate their tax bills anyway, so what’s the point?

 

 



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