Flexible workforceWe call on the government to provide clear and unequivocal reaffirmation of the long-term residence rights of EU citizens currently working in the UK. We also call for the Government to commit to keeping our labor market flexible which gives the UK a real comparative advantage over our European competitors.
Workable tax regimeWhile the Government has already committed to a lowering of Corporation Tax, we call for a commitment to no increases to National Insurance, and agreement from departments that consultation will continue to be carried out with those representing small firms ahead of introducing any further tax changes. For example quarterly digital tax data and any potential exemptions and reforms to Corporation Tax.
Accessible business supportMany variations of support have been introduced over the years, from Business Link to Growth Vouchers and Growth Accelerator. A percentage of these programs have been underpinned by EU funds. We would like to see a review of funding available for business support and plans for its expenditure.
International trade for allOne in five small firms currently exports. Exporting increases productivity and leads to employment and growth. But while Brexit has brought opportunity, it has brought complication and a squeeze on margins for some of the smallest firms. There has never been a more critical time to encourage British firms to take their business to the world and offer help to navigate new issues. We recommend government experiments with export support, for the smallest of firms, in the form of Export Vouchers and Export Tax Credits, and rapidly show progress on trade deals with countries eager to do business including the US, China, Australia and New Zealand.
Consultation with small businessTo ensure that small business views are taken into account in trade deals and domestic policy, we hereby form a Small Business Taskforce to offer government a clear route to over a million small businesses and self-employed individuals.