Numerous employers including myself were frustrated with the Pre Budget announcement .
I had wished that would have tackled the issues and treated the crucial topics such as the present-day severe state of the public purse, Public sector earnings, Helping small companies, promoting saving and investment and getting the banks to be practical about lending to business organisations.
Like most business owners I concur that we need to have a mixture of tax gains plus cuts in spending cuts.
The old line from New Labour is that urgent would hurt the UK and the recovery. My view is that although sweeping rapid cuts could cause a problem, the timescales suggested is just a little too late.
It seems that the Chancellor is just tinkering around the edges of any reform and does not want to rock the boat too much prior to an election.
The impact of raising public borrowing can be seen when you look at the Irish Economic System. The once Celtic tiger has had its claws removed. On-going cuts in public sector pay are a realism along with drastic proposals to trim back public borrowing.
I nearly gagged on my tea last night, whilst watching the six o clock news. Local Government representatives were sounding off about a ceiling on salary increases of 1%.
I would much rather be in that situation, as opposed to being employed for local government or public sector in Eire.
Many small small and medium sized directors have actually taken pay reductions in the last year, due to the economic slowdown.
As ifa’s we offer a Small Business Advice service to our customers on a weekly basis. I would have loved to see a more basic approach to helping SME businesses as they are an important part of the economy.
