20 March 2013

What did very small-businesses get from this #Budget13?

Picture by Anne-Marie Sanderson

After the excitement of ITN News coming round and filming us for the budget and our 10 seconds of Prime Time TV, once at 6pm and then again at 6.30pm, let's look at what the budget really brought for small businesses.

1/ £2,000 NI relief

Businesses can claim relief for NI contributions of £500 a year for up to four employees. This is something that the Federation of Small Businesses have fought for and they are really pleased.

However for small business owners, like myself there are already massive financial barriers to employing someone, or even taking on an apprentice. The budget has not changed that situation.

2/ £10,000 threshold before tax.

This could help people feel like they have a few extra pennies for spending in their small, local independent businesses, so this could trickle down to the small business owners.

3/ Corporation Tax brought down by 1%

Some small businesses are run as a Ltd company, so this could help them, many micro businesses are not Ltd and have a different trading style, so this won't help them directly.

That's It!

I'm not an economic expert but they are the only three things that I can find.

So, seeing as the really small businesses of Britain have NOT been particularly highlighted or helped by this budget.....

I pledge to keep up my SHOCK Cash Mob Campaign, to help small businesses boost their profits and profile.
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