70% of London SMEs would rather see public debt reductions being achieved by expenditure cuts, as opposed to tax increases.
(PRWeb UK) May 5, 2010
Workspace Group PLC, the largest landlord for small businesses in London covering office space, industial units and studios has completed a snap poll of its customers* to see what London SME’s want from the next government.
65% of the 200 respondents thought that a majority government would be better for the economy.
SME’s also commented on a range of key policy issues which will influence the economic environment for small businesses after the election.
Almost 70% would rather see public debt reductions being achieved by expenditure cuts, as opposed to tax increases.
Turning to other items on London’s SME’s shopping list:
- 70% would like to have a 1 year National Insurance holiday on the first 10 employees hired. Indeed, 65% felt that the proposed NI increase would be detrimental to their business.
- Almost 90% would like small business rate relief to be automatic.
- 75% would like the introduction of statutory powers to ensure that SME’s are treated fairly by the banks.
On broader economic and social issues, less than 40% felt that annual immigration limits would make it harder to recruit skilled employees and almost 65% responded that the cost of making their company ‘greener’ would not impact the growth of their business in the next 5 years.
A spokesperson for Workspace said:
“Workspace works with all political parties to actively promote the small business sector throughout London. This survey gave our customers the opportunity to air their collective views on both the current election ‘hot topics’ and policies specifically aimed at promoting small businesses.
The SME audience for politicians is a crucial one with SME’s accounting for 99% of the UK’s 4.7 businesses. It’s the SME’s which are going to drive London’s economic recovery. We hope that the politicians are listening carefully to their voice.”
*based on an email poll responses from 200 Workspace customers carried out on 19th and 20th April 2010.
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