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Government warned against hitting small firms

FSB has warned the new Government not to overlook the domestic agenda as it starts the negotiations over withdrawing from the EU. 

FSB National Chairman Mike Cherry said: “Brexit is clearly the most urgent focus for the new Government but it will only be successful if the Government fully backs small businesses, the backbone of the economy, whose ambitions will need to be harnessed to make use of any new trade deals.
 
“UK negotiators must have their interests in mind, including easy access to the single market and the ability to hire workers with the skills they need.”


 
The organisation also warned the Government not to revisit plans to raise National Insurance on the self-employed. 
 
“Many self-employed strivers were frightened during the recent election by the threat of a tax grab on them in the form of higher National Insurance Contributions,” said Mr Cherry. “I call on the new minority Government to rule that out once and for, to reassure entrepreneurs seeking to help our economy grow that they will not have extra obstacles thrown in their way.”

He also called for reform of the outdated business rates system and the need to tackle the poor treatment of many small firms by big business customers: “We look forward to working constructively with the new Government on all of these issues.”