The FPB has published its blueprint for growth following the news that Britain’s gross domestic product (GDP) grew by just 0.5% in the first three months of the year.
FPB chief executive Phil Orford said the increase was “as good as we might have hoped for,” adding that “it’s reassuring to know we haven’t returned to recession.”
However Orford said the figures are unlikely to increase confidence in the small business sector, and claimed that “if we want to see some real growth next quarter, we need some radical and immediate measures from the government which will tangibly improve conditions for smaller businesses on the ground.
“If smaller companies are to foster a genuine and meaningful recovery, they need to be freed from costly and time-consuming red tape, benefit from a simpler and more sympathetic tax system, and see the soaring costs of essentials like fuel and utilities tackled.
“This in turn should help to bring about the second thing we need to see – a significant increase in business and consumer confidence.”
Phil Orford, FPB has just joined us with a regular blog. Read his first contribution here soon.
