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Budget 'needs To Support Businesses'

This year's Budget should ensure businesses get the help they need in driving economic growth.



The last Budget to take place prior to this year's general election should ensure businesses are in a position to grow.

This is the view of the Confederation of British Industry (CBI), which notes the government should ensure the Budget does "whatever is necessary and possible to maintain and strengthen this countrys reputation as an attractive place for investment".

In a letter to Alistair Darling, CBI director general Richard Lambert states: "With the public sector about to be squeezed, it will be up to business to take up the slack and deliver the growth needed to get the economy back on track."

However current plans to impose an increase on national insurance contributions may prove to be of detriment to those organisations looking to get to grips with their business accounts.

Noting such proposals as "particularly ill-judged", he claims the Budget must focus on creating "the right conditions for businesses to drive economic growth".

But the CBI is not the only one calling for a halt in increase national insurance rates.

Firms seeking out best accounts were recently told by Federation of Small Businesses chairman John Wright such a rise would prevent small companies from taking on more workers "at this crucial time in the country's economic recovery".

by: Sam Gooch
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Budget 'needs To Support Businesses' Anaheim