Survey Finds Small Business Leaders Feel Government Policies Are Detrimental
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
A survey of 500 senior small-business leaders conducted by the Centre for Policy Studies found that 57 per cent believe the Government is working against their interests. The poll also found that 54 per cent believe the burden of taxation, regulatory compliance, and administrative requirements has increased since Labour took office. This sentiment is driven by rising costs and mounting administrative demands squeezing firms across the economy.
Why it matters
The findings deliver a warning to the Government ahead of the October 28 Budget that businesses feel increasingly alienated from the policies intended to support them. The increased pressure calls on ministers to demonstrate that their economic program can support businesses rather than add to their costs.
Who's involved
- Centre for Policy StudiesConducted the survey finding that businesses perceive the government as working against them.
- governmentThe governing body whose policies are being assessed by small businesses.
- John HealeyChancellor preparing to deliver the Budget amid mounting calls to ease business costs.
- Robert ColvileHead of small business and entrepreneurship at the Centre for Policy Studies.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Confederation of British IndustrySpeculative
The Confederation of British Industry could see its core concerns regarding rising costs and administrative demands validated, strengthening its lobbying.
- governmentSpeculative
The Government might face intensified pressure to ease tax and cost burdens ahead of the Budget.
Keep exploring
The entities involved
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Centre for Policy Studies
British think tank
Nothing else this week.
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government
system or group of people governing an organized community, often a state