Business confidence dented by forthcoming Budget
According to latest Economy Watch survey by the Forum of Private Businesses, confidence has been impacted by fears that increases in the Budget culd hit small businesses hard.
In all, 37% of business owners surveyed in May 2010 said the cost of doing business – excluding tax – has increased, almost a quarter (24%) said the tax burden has increased and 28% believe that existing levels of taxation are too high.
The coalition Government is expected to reveal a raft of tax measures aimed at reducing the UK’s huge deficit, alongside significant public spending cuts. They include possible changes to capital gains tax and an increase in VAT, a rise in employers’ national
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