Wednesday 11 January 2017 / 10:45 AM 2017 Press Archive / The Latest from Labour

The Government must present concrete provisions on the obstacles that threaten to hold business back – Bill Esterson

Bill
Esterson MP, Labour’s Shadow Minister for Small Business
, commenting on a Federation of
Small Business (FSB) survey showing that small firms are reporting an increase
in confidence, said:

“Our
national economic prospects are tied closely to the wellbeing of our 5.4
million small businesses, so reports of improvements in business confidence are
welcome. Nevertheless, their optimism must be weighed against the very real
challenges they face: from worrying rises in supply chain costs, which the
report clearly highlights, to uncertainty over post-Brexit trade deals and
tariffs. 

“This increase in confidence among small businesses comes in
spite of the Government’s complete lack of a plan for jobs, business or our
economy. If cautious optimism is to translate into long-term growth, the
Government must present concrete provisions on the obstacles that threaten to
hold business back: a guarantee on tariff-free access to the EU single market,
steps to tackle the skills shortage, an overhaul of business rates, and an end
to rampant poor payment practice by larger firms and Government to their
smaller suppliers.”