Originally written by Timothy Adler on Small Business
Business owners have given the incoming Government’s plans to invest in infrastructure and reform fiscal incentives a thumbs-up, according to two new surveys.
Both surveys, one from the Federation of Small Businesses and the other the Institute of Directors, were done post-election, when the Conservatives won a landslide majority.
Since then, Prime Minister Boris Johnson has claimed to hit the ground running, keeping the lights in Whitehall for the first 100 days of his administration.
>See also: General Election results leave ‘unanswered questions’ around IR35
Seven out of 10 small businesses say that the new Government’s pledge to invest £5bn to guarantee gibabit broadband would have a moderately positive (35 per cent) or very positive (34 per cent) impact. For firms based in rural areas, the figure rises to 72 per cent.
And the pledge to uprate the Employment Allowance – a discount on national insurance bills available to small employers – from £3,000 to £4,000 is also popular, with two thirds (65 per cent) seeing this as a positive step.
Nearly two thirds (64 per cent) of small businesses believe Conservative business reform pledges to overhaul business rates and extend the existing discount for hurting retailers will be