Government plans could cost small firms £800m a year.

After blaming the Government for not doing enough to aid the floundering economy, the Federation of Small Businesses has now called for the Government to hold back on their plans to implement new legislation that could eventually cost the industry around £800 million a year.

The new plans would be aimed at putting an unhelpful postponement on new employment and other laws that the FSB is claiming would not be a good move at this unstable time.

As the Federation has recently released a Five Point Plan with the intent to create a solution for the ever-growing unemployment boom, the news comes as quite a controversial move.

FSB – no additional financial pressure for small businesses.

The Federation are claiming that the Government’s plans need to switch their focus from the issues of employment and to put focus on the small firms that are struggling to survive in the recession.

The FSB is urging the Government to suspend their plans to introduce flexible working hours and longer holidays for employees in an attempt to ease the financial burden being placed on the small businesses.

Ideas to save small firms around Britain.

John Wright, chairman of the Federation of Small Businesses, “demands” that the Government takes head of the FSBs proposals, which could save a number of small firms around the country.

“The cost of new laws to small businesses this year is huge. Small businesses should be concentrating on keeping jobs, rather than spending time and money carrying out paperwork,” said Wright.

The Federation is claiming that any additional financial burden at this trying economic time could see the demise of many small firms around the country.

“The FSB demands that the Government reconsider all regulation that will cost small firms and help our small business community thrive. This is no time to hold small businesses up with extra costs and burdens. The Government should wait until October to see if the economy is in a stronger position to cope with this added pressure.”

The Federation, along with delaying plans of providing flexible working and extended holidays to staff, also urges the Government to hold off pressure for small firms to implement extra waste control moves.

“In these tough economic times, small businesses are already battling with red tape; with the burden and confusion of existing legislation. In 2008, we saw 57 new or altered pieces of regulation affecting small companies. A similar number is expected this year.”

What’s your opinion?

What do you think?  Is the Federation of Small Businesses right for proposing to hold off flexible working hours, extended holidays and extra waste control moves?  Or do you feel that this is the time for the stronger businesses to survive and the weaker ones to die out?  Let us know!

Bookmark Us
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Google
  • Reddit
  • StumbleUpon
  • TwitThis

Our Random Articles

More Links