Prime Minister and Darling Deaf to the Pleas of Small and Medium Sized Employers once More
A vast number of employers including myself were with the Pre Budget speech .
I had prayed that Alistair Darling would have provided supprt and dealt with the essential subjects such as the present-day dreadful state of the public finances, Public sector earnings, Aiding the SME sector, promoting saving and investing and making the banks to be realistic about lending to business enterprises.
Like most I agree that we need to have a combined approach of tax spending cuts cuts.
The old line from government ministers is that accelerated expenditure cuts would hurt the UK and hamper the recovery. My view is that although wholesale swift cuts could cause a problem with the recovery, the timescales proposed is just a little too late.
It seems that the Chancellor is just tampering around the edges of reform and does not want to rock the boat too much just before an election.
The impact of increasing public borrowing can be seen when you look at the Eire Economic State of affairs. The once Celtic tiger has had its claws . Present-day cuts in pay are a realism along with drastic proposals to cut back public borrowing.
I almost choked on my tea on wednesday, whilst watching the six o clock news. Local Government representatives were sounding off about a cap on salary increases of 1%.
I would be in that situation, as opposed to being employed for local government or public sector in Eire.
Many small small and medium sized enterprises have actually taken pay cuts in the last year, due to the economic slowdown.
As Financial Advisers we offer a Small Business Advice service to our customers on a daily basis. I would have preferred to see a more basic approach to supporting business & industries as they are an important part of the economy.
