Small business’s need encouragement & supporting
British small business’s need encouraging and supporting, not taxing and getting priced out of the competition.
In 2020, the UK imported over US$ 75 Billion worth of goods from China, nearly US$ 7.5 Billion worth of goods from India, over US$ 10 Billion worth from Japan and Australia respectively, and staggeringly, over US $924 Million from Argentina.
Ultimately, a large percentage of those imports will be specialised equipment / products, which could not, at present, be produced within the U.K.
However, a large proportion of those imports could of been produced within the U.K had there been the infrastructure in place. However, the costs of production in the UK could also prove prohibitive on many items.
Overheads of a UK small business
Countries from where the UK benefits the most by way of imports, are usually from those who traditionally pay low wages and where Human Rights & Health and Safety obligations / restrictions do not exist, or only in principle exist.
UK Small Business’s have to comply with the minimum wage salaries, Health & Safety & Maternity / Paternity legislation, Insurances, Licences / permit, utilities, rental & equipment costs, & property taxes. More ….
No wonder the UK Government likes taking advantage of cheap imports from where their own rules & laws don’t apply.
However, the UK government doesn’t try to help or encourage small business’s from developing, by challenging the cheap import markets.
Our Government seems instead to allow the UK to be dominated by sections of mega-corporations, few of which are actually British companies, i.e British Airways, EDF, HSBC to name just 3.
The Banking, transport and Energy sections of the UK economy are dominated, / held to ransom by the industry relevant “Big 6” monopolies. The Government likes that, but the arrangement does not provide genuine competition between the companies, or the best prices for the British consumer.
How to help build the UK small business economy
As is typical of the UK Government, there’s plenty of “go on-line” style advice to small business’s in the UK. Advice for starting up a small business through to grants, loans and more. Loads of sites offering loads of advice, but saying nothing. Advice which is piecemeal to a business owner.
|UK Government (Finance & Support)||Federation of Small Business.org||Small Business .co.uk|
|The Pitch||Northern Ireland Business info.||N.F.U advice|
There are other means available of seeking relevant advice, that are not identified on this website, i.e www.changeukpolitics.org
What our Government should be doing is simplifying the bureaucracy of trying to run a business. More forms, go on-line, apply, submit, links to more sites, more advice.
There should be a simply, effective set of basic forms to set up and run a business, not mountains of rules and more forms. Business owners should be allowed the time to build their business’s, not worrying about missing forms and being threatened.
This Government’s obsession of the country having to go on-line to do anything in today’s life, does not help in most cases. Advice that is given is not necessarily relevant to most peoples issues.
The rules, and therefore Government advice / websites should be reduced & simplified.
Taxes, charges, rents etc need to be reviewed. There are too many overheads, and those are too excessive to help a business flourish quickly, too many official snouts in the business owners trough.
The UK Government (at the time of writing) states that a business won’t pay Business rates on a property with a rateable value of £12,000 or less. This is assumed to be per annum, as the charges are sent out by the appropriate Local Council around February each year.
It can also be assumed that there would be very few properties available to small / medium business’s that would be available from Land Lords that would charge only £1K a month. The Government needs to review this, and other charges to allow business’s to flourish, not flounder.
Councils are often the land lords of High Street properties, and most High Streets are considered to be dying, citing the choice to buy on-line. However, most people enjoy visiting their local shopping area’s, and would do so if the High Street wasn’t mainly boarded up and, in many towns, unsafe.
Why are the shops boarded up?
Business rates are uncompetitive & monopolised. Rates are too exorbitant.
There needs to be tariffs on the cheap imports from China. We should not have a Free trade with some countries and end up suffocating our own manufacturers. When that’s happened, we will be at the mercy of our suppliers, just look at the UK energy situation.
Taxing of the masses, but little paid by the conglomerates.
The profits made from small business’s should be allowed to mainly stay with small business’s. Reasonable rental costs of property is required, along with taxation that doesn’t stifle a business from growing.
An ever increasing “Minimum wage” might be a good idea to many, but it will prevent employers from employing extra staff in many cases, and just passing extra workloads onto their existing staff.
Many employers will cut their staff numbers to try to balance their books. The Government thinks that a higher minimum wage will increase revenue from taxation, but it will in fact amount to a stagnation of employment numbers.
What a Government needs to do is raise the threshold on when Tax payments are made by individuals, so employees can keep more of their earned money.
The rich should be asked to contribute more, but equally deserve to keep a significant percentage of their earnings too.
Those who avoid, or attempt to avoid paying UK taxes should be banned from holding a position of responsibility within any company, for life.
All companies should use UK banks, and not be allowed to be paying profits / company money into the likes of Western Union to launder taxable funds out of the country. Such an offence should carry deportation, where possible, as a punishment.
The UK needs to compete with countries who tax workers & business’s very little, but don’t expect high prices when exporting in return, due to the low wages. Those Governments tend to raise their taxes on what people then choose to buy with their wages in the shops of that country etc. The UK works with a different tax philosophy.