UK small businesses back Conservative stand on tax

LONDON, April 15 (BestGrowthStock) – Bosses at over 400 small and
medium businesses in Britain have joined some of the country’s
largest employers on Thursday by backing the opposition
Conservatives’ plans to curb a planned payroll tax rise.

The signatories ranging from plumbers and beauty salon
owners to dentists and small manufacturers pledged support for
the Conservatives’ promise to scrap a planned rise in national
insurance for seven out of ten workers.

“We believe that the Government’s proposal to increase
national insurance, placing an additional tax on jobs, comes at
exactly the wrong time in the economic cycle,” the business
leaders wrote.

“As taxpayers we would welcome more efficiency in
government. As businessmen and women we know that stopping the
national insurance rise will protect jobs and support the
recovery.”

The economy has dominated the election campaign so far with
all parties fighting to convince voters they will be a safe
pair of hands to steer Britain’s fragile economic recovery.

The Conservatives are seeking to use business support over
National Insurance as evidence they have the right economic
plans to help Britain address a record budget deficit.

However, Brown has received support from 58 economists, the
Telegraph reported on Thursday saying it has seen a copy of a
leaked letter which warns Conservative plans to cut back on
government waste in 2010/11 could jeopardise Britain’s
recovery.

The letter is the latest foray into politics by economists
who have backed both Labour and the Conservatives’ plans for
spending cuts in previous letters to the Sunday Times and the
Financial Times. [nLDE61I011]

Investing Research

(Reporting by Caroline Copley; Editing by Bernard Orr)

UK small businesses back Conservative stand on tax