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Small business group delivers five-point plan for Autumn Statement

The Forum of Private Business (FPB) has delivered a five-point action plan to Chancellor George Osborne, ahead of the 2012 Autumn Statement.

The plan is designed to help boost the job market and encourage UK economic growth.

Fuel duty is one of the main concerns outlined by the FPB, with the business group calling on the Chancellor to freeze fuel duty for at least another six months, and to commit to a fuel duty stabiliser before the end of the current Parliament.

Alex Jackman of the FPB commented, ‘While the Government can do little about a stubbornly volatile eurozone, it does have the capacity to act on a range of issues, primarily fuel duty. Of all the costs to business, fuel hits the largest number of our members’.

Secondly, the Forum is calling for a cap on business rates at 2%, in order to prevent a ‘full-blown crisis’ in the retail sector.

The FPB is also calling for amendments to the current national insurance ‘holiday’ scheme, and requesting that the Government abandons its plans to make flexible working mandatory for all employers.

Mr Jackman said, ‘Many businesses across the country already allow employees the option of flexible working where it works for their firm. Legislating in an area that works perfectly well informally will create a bureaucratic process’.

Finally, the business group is calling for additional incentives for private lenders through alternative sources of finance, which it believes would allow small businesses to be less reliant on mainstream lending.