Printers want budget to tackle UK deficit and promote growth

Printers want next month's emergency budget to tackle a range of measures from fuel tax to phoenix firms and have echoed worries voiced in a poll of small companies.

The survey by the Federation of Small Businesses (FSB) followed the chancellor's pledge to deliver an emergency budget on 22 June to help make £6bn of savings this year.

Charles Grant-Salmon, chief executive of 4DM, said: "We have to cut the deficit, but the government must stim­­ulate confidence to en­­courage acquisitions.

"I would like to see a ruling that would stop phoenix companies, which are immoral and bad for business."

The FSB-ICM poll revealed that over nine tenths of members wanted the government to reduce the UK's budget deficit.
Two thirds of respondents called for a cut in fuel duty to stimulate growth and two fifths wanted an extension of the Time-to-Pay scheme.

Mark Kerridge, managing director of Benson Box, said: "For small family businesses, capital gains tax is an important issue. Cuts in fuel duty are good, but we need to attack the deficit before we start delivering cuts."

Lucy Edwards, assistant managing director at Howard Hunt, added: "Power, fuel and energy must come down to control paper costs and help direct mail compete with online media.

"On a business level, the minimum wage should not be raised. On a national level, the budget deficit must be tackled so we don't end up like Greece or Spain."

Nearly half the 1,319 members polled wanted new laws to force big businesses to pay invoices within 30 days.

Sidney Bobb, chairman of the BAPC, said: "Every company by law should have a payment policy laying down when payment is due."

Grant-Salmon added: "It's up to us as suppliers to manage the cash and what we expect of clients."

Print's Emergency Budget

  • Measures needed to tackle the deficit
  • Reduction in fuel duty
  • Legislation to stop phoenix companies
  • No rise in minimum wage
  • Legislation to promote prompt payment
  • Reduction in capital gains tax