Business Owners Are Calling—More EU Trade Freedom, Less VAT, Less Corporate Tax!
According to a fresh survey by Moore UK, the steam‑rolling demand from small‑business owners is loud and clear: cut down the trade friction with the EU. And they’re not backing down on the tax front either.
Top Wishes from the Front Lines
- EU Trade Ease: 39% of owners want a smoother ride across borders.
- Smaller VAT: 38% hope for a slashed VAT rate – a quick recipe for lower prices and happier shoppers.
- Corporate Tax Cut: 33% would welcome a drop in corporation tax.
- Income‑Tax Relief: Also 33% eye lower personal taxes.
- Cutting Red‑Tape: 32% urge tidier regulations.
Why the Fuss Over Trade Barriers
Matt Meadows, Chair of Moore UK, points out that the post‑Brexit smog is still choking small businesses. Trade hurdles inflate costs for firms dealing with EU clients, and some have even ceased EU commerce. “If the next government can smooth out trade friction, especially for SMEs, it’ll win over a massive chunk of the business community,” Meadows says.
VAT Curb as a Quick Win
Many owners see a tighter VAT as a “quick win” to slash prices and spark consumer spending. It’s a practical shortcut that could give an instant lift in footfall.
Business Survival Amid Economic Pressure
There are over 5.6 million UK businesses. These owners form a pivotal voting bloc. Regardless of who tops the polls, the next administration must keep businesses afloat amid compound stresses: high interest rates, trade headaches, skill gaps, and sluggish consumer demand.
Debt‑Heavy Stress
Small firms are feeling the grind of rising debt costs – some are teetering on insolvency. A shift toward economic growth is now a must.
Staffing Crisis: Absenteeism on the Rise
Moore UK’s survey flags a troubling spike: 42% see higher absenteeism in the past year. Only one in four (25%) reports no recruiting or retention woes, while 44% admit struggle. This has withered as 28% had to juggle increased workloads, while 21% can’t hit growth targets and 20% must decline new work.
Healthier Workplaces Are Key
Matt Meadows notes that a vibrant, positive workplace culture can cushion the staffing blow. “Show people why working there matters,” he says.
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