I visit small firms in Harlow often and thought you might like to see below some Conservative plans to help small business during the Recession
PROSPECTIVE MP WELCOMES MOVE TO HELP SMALL FIRMS DURING THE RECESSION
Prospective Harlow Conservative Parliamentary Candidate Robert Halfon has welcomed Conservative plans to cut taxes and paperwork for small shops and small firms.
In a new initiative, small business rate relief would be given automatically to firms across England, rather than making businesses claim it and complete time-consuming forms.
Small business rate relief was introduced in 2005, allowing small firms to claim up to 50 per cent off their business rate bills.
However, firms have to fill out paperwork to claim the rate relief, despite the fact Whitehall’s tax inspectors know precisely which firms are eligible.
After rent and staff, business rates are typically the next biggest cost to local firms. Business experts have warned that 32,300 businesses will fail in 2009.
Firms face a hammering this April from the Government thanks to soaring business rates.
Mr Halfon said: "Small shops and businesses across the Harlow area are facing tough times in Labour’s recession. These firms, from our corner shops to local pubs, are the lifeblood of our local community. A responsible government would do more to help them. Yet Gordon Brown is making it difficult for small firms to claim the tax relief to which they are entitled. He is adding to their misery by finding new ways to drive up business rates by stealth.
"Conservatives would ensure that small firms automatically receive rate relief, cutting their paperwork and tax bills, giving many of them a fighting chance to stay afloat."
The amount of Small Business Rate Relief granted in Harlow has risen by almost £45,000 in the last three financial years, to £178,638 in 2007-08.
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