SMEs call on Chancellor for support in Autumn statement

IN: Business news

Chancellor of the Exchequer George Osborne makes The Autumn Statement this Wednesday, addressing parliament at 12:30pm with his update of Government plans based on the latest forecasts from the Office for Budgetary Responsibility.

Small businesses across the United Kingdom will be keen to see what impact the Chancellor's announcements will have on their business. Indeed, this morning, the Federation of Small Businesses (FSB) released a statement calling for a number of items to be included in Osborne's statement.

Writing on the site this morning, the FSB called for plans to be set out for the Small Business Bank, a simplified tax system and the scrapping of the planned 3p fuel duty rise.

"The FSB has long called for more competition in the banking sector as small firms continue to struggle to access finance. The Chancellor should provide more details of the Business Bank, including a clear road map for its creation, and how this will increase competition in the small business finance market."

In readiness for the statement, SME owners took to Twitter to reveal what they would like to see from the Chancellor's statement. Some of their responses are posted below:

If you have any more comments on the Chancellor's Autumn statement, do tweet us at @Aldermorebank.

At Aldermore, we believe in listening to small businesses. Last week, we lifted the lid on SME banking relationships, reinforcing our commitment to provide organisations with tailored products and services, suitable for their needs. You can learn more about this research in the video below.

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