Graham Mitchell: Small firms should be deregulated

/ Posted By - Bradleys Accountants / Categories - Business start-ups

Ahead of the Budget on March 20th, a group of small businesses is calling on the government to reduce taxes and improve the management of the public purse.

Graham Mitchell, brother to ex-chief whip Andrew, is leading the charge and has launched The Fourth Agenda to lobby the government before the Budget.

He said growth in the UK is being prevented because key decisions are being made by career politicians with no experience of ‘real working life’.

“The Coalition talks of cuts, but government spending has doubled in 12 years and is still rising,” he explained.

“We need a new voice in politics to help businesses – small firms are the ones that create the wealth that pay for the public services.”

On the website of The Fourth Agenda, Mr Mitchell outlines that politicians are wasting taxpayer money, breaking promises and providing no choice between the parties.

He also outlines a ten-point plan to overhaul the government and drive growth in the UK.

One of his major recommendations is to deregulate small businesses, arguing that organisations with fewer than 250 employees should be able to hire new people on a full-time, self-employed basis without the need for a contract.

“With one stroke, small businesses would be freed from the red tape, liabilities and legal dangers of hiring,” he said.

“If just half the five million SMEs in Britain hired someone, unemployment and the deficit could be tackled.”

Despite concerns from lobby groups, most small businesses are optimistic about the future of the economy ahead of the Budget 2013.

A recent Federation of Small Businesses (FSB) Index found that optimism is up compared to the end of 2012. However, plans for growth have fallen, suggesting it’s not all good news.

Indeed, many small businesses expressed difficulty in accessing finance, with a drop of three percentage points in the number of firms applying for a business loan.

Of those that did, only 41 per cent had their applications accepted, a fall of 3.5 percentage points year on year.

Related Articles

Salary vs dividends: How to optimise compensation…
| Business start-ups

A comprehensive yearly review enables you to assess and adapt your strategy according to current … Read more

Mastering bookkeeping and accounting for eCommerce success:…
| Business start-ups

As an eCommerce business owner pitted against thousands of others online, mulling over your ledgers … Read more

Small business accounting: Best practices for the…
| Business start-ups

As we have stepped into the new financial year, it is the perfect time to … Read more


Subscribe to the newsletter

Know about latest accountancy updates, company news and business growth tips. Every month, in your inbox

    Subscribe to our newsletter