Entrepreneurs: Coalition no help to businesses

The new government has failed to meet the expectations of entrepreneurs, finds research.


The new government has failed to meet the expectations of entrepreneurs, finds research.

The new government has failed to meet the expectations of entrepreneurs, finds research.

Two weeks after the general election, 52 per cent of business owners felt the new government would support companies, according to a 390-strong poll by accountancy firm Tenon.

Three months on, expectations have not been met, with 40 per cent of entrepreneurs now believing that the government has failed to support businesses.

While 42 per cent feel they have been backed, the figure still falls 10 per cent short of entrepreneurs’ original hopes for the government.

Three in five business owners want to see a reduction in the amount of red tape, nearly half (48 per cent) would like a government u-turn on VAT, keeping the rate at 17.5 per cent, and 42 per cent of entrepreneurs would like a reduction in National Insurance.

Andy Raynor, chief executive of RSM Tenon, says: ‘Entrepreneurs were expecting some creativity – new ideas from a new government for the old issues that continue to affect businesses.’

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