Chancellor’s Blame Game Leaves Small Businesses Swamped
The Real Cost of Ignoring the Little Guys
Oscar Wilde once quipped that “the only thing worse than being talked about is not being talked about.” Today, small businesses can feel that sting all the more deeply. A Group of SMEs got the cold shoulder from the Chancellor who seems to think that economic growth comes from slashing budgets on the big fish, leaving the minnows to flounder.
After a bruising Autumn Budget that dented business confidence, the Chancellor pushed forward a fiscal strategy that aimed at tightening the deficit rather than sprouting growth. It feels like a political play‑acting exercise—blaming the previous government for the mess at hand—while entrepreneurs behind their desks are juggling life‑changing decisions about their shops, factories, and almost‑staff.
What “Founder of Your Business Community” Ted Wigzell says
“We have seen the Chancellor ignore the cries of small business owners across the country who are feeling the very real impact of the harrowing decisions she made in the autumn.” Ted adds:
- NICs on the rise: The increase is almost on the doorstep, and it will squeeze the already tight budgets of SMEs.
- Employment Rights Bill: A poorly drafted piece that could spell trouble for hiring and retention.
- No jobs, no welfare: The welfare cuts announced will only help if there are jobs to support those people who are no longer deemed eligible.
- Business confidence at a historic low: Firms are barely able to look beyond immediate challenges and scan horizons for growth.
“The Chancellor needs to provide relief for small businesses instead of piling on the challenges,” Ted warns. “It’s not too late to reverse the NICs rise or tweak the Employment Rights Bill. Reconsider your plans; protect jobs and keep businesses afloat,” he urges.
What this means for you
Small businesses are in a climate of uncertainty that feels like a country of leaky umbrellas: nobody knows if it’s raining or when the next storm is coming. The lack of supportive policy means entrepreneurs have to brace themselves for the next hard round of Up‑and‑Out of the balance sheet, remember?
For those who keep their businesses running by the barrel of budget inflations and politics, the time is now for a reprieve. Small business owners deserve a financial environment that lets them build, grow, and keep their jobs—no more are we just shaking hands with the Chancellor, that’s it.
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