Government urged to tackle credit and late payments in Budget


Government urged to tackle credit and late payments in Budget

Simon Quicke

The government has been urged to tackle some of the main issues having a damaging effect on small firms including late payments and credit.

With the Budget just a few weeks away the Forum of Private Business has become the latest to nset oput what it wants the Chancellor George Osborne to deliver with a focus on cutting red tape, reducing the tax burden and getting the money flowing in the SME sector.

The Forum believes that if the trading environment for SMEs was improved then private firms could deliver some of the benefits for the economy including generating more jobs.

"We appreciate that some of the factors contributing to the UK's current economic predicament are outside the Government's control. However, many factors are not and we firmly believe there are plenty of things the Coalition could do, at no little or no cost, which would genuinely improve trading conditions for SMEs," said FPB chief executive Phil Orford.

Yesterday the CBI came out with its wish list, which was focused largely on getting better support for mid-market companies.

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