FSB backs George Osborne’s Spending Review

Responding to the Chancellor’s Spending Review, the Federation of Small Businesses says it is pleased that George Osborne has listened to the small business community.

The FSB welcomes the longer-term approach to capital spending across the whole of the Government, and the planned investment on infrastructure projects. The forum also hopes that the planned improvements to the road network will help companies develop and grow their businesses.

FSB national chairman John Allan said: “It is good that the Government has taken a long-term view of how to plan capital spending to the end of the decade; it is something we raised in our submission. However, what we now need is a clear timetable for delivery.

“Small firms tell us that school leavers aren’t ready for the world of work, with many concerned about their ability in maths and English. Giving the funding directly to schools should address this issue. The continued investment in science, technology and apprenticeships is also good news.

“Businesses are heavily reliant on local infrastructure. Small firms use roads far more than rail, with 66 percent of FSB members using the roads for work. Given that, it is encouraging to hear the Chancellor say that money will go to improve local road networks.

“The FSB wants to see stronger commitment and a radical shift in the government’s approach to broadband deployment. The FSB has long been calling for universal connectivity, because it is not acceptable that thousands of small businesses in rural and remote locations are left unconnected and therefore unable to take advantage of digitalisation.”