BREXITUPDATE
10-point plan to turn Brexit into a business opportunity
The Forum of Private Business has emailed George Osborne , the Chancellor of the Exchequer , Sajid Javid , Secretary of State for Business , and Anna Soubry , Minister of State for Small Business , Industry and Enterprise , with its ten-point plan to help grow the economy .
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FORUM MANAGING Director Ian Cass writes : “ The Forum would like to see some clear action from our leaders . If we see Brexit as an opportunity , then small businesses can contribute massively to a bright future for the UK . We would like to see the following 10 ideas put into practice : -
CLEAR DIRECTION AND CONFIDENCE
Let ’ s see a clear and decisive statement from the government saying who is in charge and what the government intend to do .
REDUCE THE RED TAPE Set up a project team now that gets together a wide range of small business owners , ( not their representative bodies , though they can help finding the expert business owners ), but businesses themselves . Ask them , “ What works , what doesn ’ t and how do we make it better ?”
SIMPLIFY THE TAX SYSTEM
Start to look at the UK ’ s ridiculously complicated tax system , get a team at HMRC to look at this now and build a plan so that we work out the details of leaving the EU in parallel with this plan to finally deal with this
‘ What works , what doesn ’ t and how do we make it better ?’
ridiculously complicated tax system , so that two years from now we manage our way out of the EU and have a simplified and better tax system in place .
KEEP AND ATTRACT THE BIG BUSINESSES WHO OPERATE IN THE UK
If we reduce the rate of corporation tax by 5 % or 10 %, we would probably keep those businesses already here and attract more . This would send out a strong message that the UK still wants to be a strong global player in the world .
REWARD ENTREPRENEURS AND SMALL BUSINESS OWNERS
Double the dividend rate from £ 5,000 to £ 10,000 . Many small business owners who take big risks in setting up and developing their businesses used the dividend as a means of taking reward when the business had a good year . The small tax break rewarded their risk taking and they only took money out when the business was growing and thriving .
GIVE A BOOST TO SMALL BUSINESS AND THE HIGH STREET
Let ’ s cut business rates significantly and grow our independent businesses on UK High Streets . Business pays these rates regardless of their profitability and at a time when many businesses haven ’ t recovered fully from the crash .
REASSURANCE FOR WORKERS
We are a country that was built on immigration . We have benefited massively , both culturally and economically from it , so let ’ s be clear that we welcome immigration . We just want some sensible controls on it , that will benefit the country and the people who arrive here to work hard and build a life in the UK .
EDUCATION AND TRAINING
Let ’ s make sure we have an education system in place that delivers well educated and skilled workers into the UK and world economy , who will ensure our economy thrives in the future .
HEALTHCARE
Now we have control of the money that used to go to the EU , let ’ s make sure that we spend heavily on the National Health service with a deliberate move to make it proactive rather than reactive , so that as well as dealing with health issues when they arrive we look at preventative care for people to stop illness happening in the first place . This can be done in conjunction with business , many of whom already do a lot for their workers .
SPENDING AND INVESTMENT THAT BENEFITS THE WHOLE UK
Many areas of the country feel they are disenfranchised from the government and from big business that is based in the South . Let ’ s make sure that spend and investment are balanced across the country . The move from London to Salford by part of the BBC was a brave and welcome one , which has greatly benefited that area . The Government should look at their own house and see what other departments and areas of business can be moved out of London to other parts of the UK .”
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