Small enterprises are being held back by the high cost of fuel and utilities, it has been claimed.

Monday 19 March 2012

Posted by Alex Turner

Britons considering setting up a business will be encouraged by the calls of one leading industry organisation ahead of the Budget.

The Forum of Private Business (FPB) has called on the government to offer more support to smaller enterprises when announcing the 2012 Budget on Wednesday (March 21st).

It comes as the organisation lamented the rising cost of utilities and fuel, saying such costs are "holding back" smaller firms in a wide range of industries..

Alex Jackman, the Forum's senior policy adviser, commented: "This Budget is an opportunity to provide real support for small businesses over steep utilities prices and help them stem the rising costs that are threatening to undermine their ability to grow and create jobs.

"On fuel, the Forum wants the chancellor to introduce a fuel price stabiliser to provide consistency over transport costs, and believes the government should consider excluding the fuel duty element from VAT charges on fuel."

By Victoria McDonnell

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