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No new tax on strivers says FSB

As the new team at the top of Government begins its programme of legislation, the Federation of Small Businesses (FSB) is calling for a guarantee that there will be no new attempt at a tax grab on the UK’s millions of self-employed.

A previous plan to raise National Insurance Contributions on the self-employed announced by the Chancellor early in 2017 caused real dismay in the business community.

It is important for the new Government to bring certainty and stability to UK business and the economy. Brexit is clearly the most urgent focus for the new government and that stability is crucial as the UK enters into negotiations with the EU. But Brexit 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. Brexit is not the only issue affecting businesses though and the Government can’t ignore the domestic agenda.

Across the new House of Commons there is a consensus that the Business Rates system is unfair, outdated and in urgent need of reform. There is also cross-party agreement on the need to tackle the poor treatment of many small firms by their big business customers.

We look forward to working constructively with the new Government on all of these issues.