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Government 'must nurture business confidence'
General News |
07/07/2009
The government needs to ensure that red tape and taxation does not stifle a recovery in the employment market, it has been claimed.
Research by the British Chambers of Commerce (BCC) has revealed that most key performance indicators in the manufacturing and service sectors improved during the second quarter of this year.
It also found that there has been a strengthening in confidence.
However, David Frost, director-general of the BCC, warned that a recovery is not guaranteed and urged the government to ensure it nurtures these green shoots.
He said: "The government needs to think long and hard about its policies on taxation and red tape, which threaten to stifle growth and employment.
"The planned increase in National Insurance contributions is nothing more than a tax on jobs and it should be abandoned immediately."
Recently, Recruiter magazine reported that James Caan, entrepreneur and TV star, is encouraging firms to hire staff now.
Speaking to charities at an event in London, he explained that businesses will have access to talented people out of work during the downturn, but warned that they will soon be snapped up.
Posted by Stephen Wilkinson.
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