Five Appeals Of British Enterprises To The Ruling Party In The Future

According to the financial times, Britain's uncertainty over Europe has lasted for three years. Corporate leaders and industry lobby groups set forth five expectations for the next administration.

First, the United Kingdom from Europe.

Many of the executives who were resolutely opposed to Europe could now turn to support the orderly development of Europe for the sake of enterprise development. However, many people believe that the EU agreement should be as far as possible to maintain the same system as that before the European Union, including the consistency of the rules of trade between British enterprises and the European Union. Another demand is the business-friendly policy, enabling enterprises to get the labor force needed by the economy. Adam Marshall, Secretary General of the British Chambers of Commerce (BCC), also said that Britain needs to recruit overseas talents to make up for the shortage of technical workers across the country.

Two. Education and skills

Businesses fear that the scarcity of school education and pre service training will lead to a productivity crisis. Managers want the government to increase investment in education at all levels. McKinsey, a consultancy, estimates that 10 million employees will need retraining in the next 10 to 15 years. In addition, the apprenticeship levy, which is levied by the government, is the focus of reform, which is used to finance apprenticeship programs and training. Subsequently, enterprises complain that the government is not using the tax properly. Make UK, the manufacturer's Association, called on the government to strengthen technical education. Its executive director, Stephen Phipson, also said that the public and enterprises hoped that the government would support the technical positions needed to create workers, provide children's future education and skills, and aim at the opportunity to start business in the UK.

Three, corporate incentives

Nearly half of members of IoD Institute of Directors hope that the government will promote investment in some form of corporate incentives. Edwin Morgan, IoD's policy director, said the company was eager to see tax breaks and incentives to support its ambition to develop and invest in new technologies. It also calls for incentives for specific sectors, especially small businesses, which are most affected by long-term uncertainty. Federation of Small Businesses (FSB) hopes that the government will increase the annual discount cap of the national insurance bill to 3000 pounds to 13000 pounds, allowing small businesses to increase the number of employees.

Make UK, a manufacturer's Association, encourages enterprises to take part in the Made Smarter project implemented in the UK. The plan provides small businesses with up to 20000 pounds of capital and invest in digital technology such as 3D printing or intelligent robots. The British Chamber of Commerce appealed to the government to extend the annual subsidy scheme of 1 million pounds for factories and machinery to 2021 and expand its subsidy coverage. Another proposal is to expand the Seed Enterprise Investment Schemes (SEIS), which provides tax incentives for investors of start-ups.

Four, business tax

The most troubled business tax is business tax, which has the greatest impact on retailers and manufacturers on the value of commercial premises equipment. Executives say business taxes are aggravating the decline of shopping streets, causing some retailers to fail. The small and Medium Enterprises Association called on the government to substantially reduce the business tax of small businesses to reduce the pressure of rising business costs. Mike Cherry, chairman of the SME Association, said that reforming the business tax system should be the primary and core position in the economic plan. This unfair tax sustainability threatens the future of small businesses across the country.

Five. Infrastructure

The British Chamber of Commerce hopes to spend 1.4% of its gross domestic product on public infrastructure and surpass the National Infrastructure Committee (Natio). The proposed 1.2% of nal Infrastructure Commission (NIC) focuses on the third runways of Heathrow airport, the HS2 railway and other railway upgrading projects. In terms of digital infrastructure, corporate leaders widely support the Conservative Party's push to upgrade broadband speed plan.