The British Chambers of Commerce (BCC) and the Federation of Small Businesses (FSB) have emphasised that in the run-up to the election, political parties should not focus solely on Brexit, highlighting other key domestic issues including boosting UK competitiveness and tackling the problem of late payments.
Dr Adam Marshall, Director General of the BCC, said: ‘While businesses all across the UK want a good Brexit deal, they are very clear that decisions taken here at home matter as much – if not more – to our future growth prospects.
‘The best possible Brexit deal won’t be worth the paper it’s written on if firms cannot recruit and train the right people, get decent digital connectivity, or get their goods to their market.’
Mike Cherry, National Chairman of the FSB, echoed the BCC’s warning, commenting: ‘Brexit is clearly going to feature heavily in the election campaign, and rightly so. But it must not dominate debate at the expense of other important domestic issues for small businesses.
‘Our manifesto sets out what small businesses want to see from all major parties and candidates standing on 8 June. Millions of votes are at stake.’
The Confederation of British Industry (CBI) has urged the next government to provide ‘as much certainty as possible’ to support businesses in making appropriate investment decisions for the UK’s future prosperity. The business group also called for the creation of an ‘ambitious’ Industrial Strategy that takes a long-term approach to skills, infrastructure, trade and innovation.
Meanwhile, considering the UK’s digital outlook and infrastructure, the Institute of Directors (IoD) has called for the introduction of ‘ultrafast broadband and 4G’, which it suggests would allow businesses to ’employ more people, be more productive and profitable and enable home working’.
With the main political parties having made some significant pledges relating to business and personal taxation, businesses and individuals will be eagerly awaiting the results of the General Election.
Whatever the outcome may be, we will continue to offer the latest advice and strategies to help you to make the most of your business and your personal finances.