Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Jeremy Hunt urged to tackle sickness and later payers in autumn statement

by October 22, 2023
October 22, 2023
Jeremy Hunt urged to tackle sickness and later payers in autumn statement

Jeremy Hunt is being urged to make next month’s autumn statement a “small business moment” by extending business rates relief, getting the long-term sick back to work and reforming the planning system.

The chancellor will deliver his key economic announcement a month today against a backdrop of high inflation and shortages of workers after the pandemic, which businesses fear could impede their opportunities to grow.

In the Federation of Small Businesses’ submission to Hunt, chairman Martin McTague has urged him to exert pressure on big companies to pay smaller suppliers on time, calling late payments “pernicious” for his members.

He also called for an extension on the 75 per cent discount on business rates for retail, hospitality and leisure businesses. The reduction, which was aimed at helping businesses hit by the pandemic, is due to come to an end in March. The FSB also urged him to end the “simple flaw” in the tax system that prevents the self-employed deducting training costs from their tax bills.

The British Chambers of Commerce, meanwhile, has called on Hunt to focus on the tight labour market at a time of 1 million job vacancies.

The BCC also suggested he could help firms reduce sickness rates by making occupational health services no longer a taxable benefit.

Shevaun Haviland, the BCC’s director general, called for reforms to the planning system to boost spending, including giving more training to local government planning departments to speed up decision-making, and urged planning decisions related to upgrading the National Grid to be expedited to help businesses developing green, electricity-powered technology.

“Businesses have told us they have billions of pounds in private investment waiting to be pumped into the UK economy but our creaking planning system and overloaded grid are holding that back,” Haviland said.

The FSB is also calling for smaller firms to be exempt from paying VAT. Currently, enterprises with turnovers of less than £85,000 do not have to pay the tax, but the FSB wants that threshold raised to £100,000.

The BCC submission calls for reforms to the so-called “tourist tax” to encourage foreign tourists to spend more in the UK. The old VAT-free system was scrapped by the government in 2021.

Read more:
Jeremy Hunt urged to tackle sickness and later payers in autumn statement

0
FacebookTwitterGoogle +Pinterest
previous post
Navigating the Ma(i)ze of Mexico’s GM Corn Ban
next post
DeSantis says he would cancel student visas, deport foreign nationals celebrating Hamas if elected president

You may also like

Office Returns in 2025: The End of Remote...

December 20, 2024

UK injects record $2bn into Green Climate Fund

September 11, 2023

What influence does social media have on people’s...

August 23, 2022

Labour’s would recover Covid fraud billions if elected

October 9, 2023

An In Depth Conversation with Andrew Draayer On Balancing...

April 2, 2025

Top Tips for Optimising Your eCommerce Strategy with...

July 2, 2024

Hosting environments for complex ecommerce platforms

May 5, 2025

Lloyd’s of London braces for $2.3bn loss from...

March 11, 2025

How Do Business Loans Work?

October 3, 2022

Metro Bank heads list of UK banks with...

November 1, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved