Kelly Manchester

Lots of business owners including myself were baffled with the Pre Budget announcement .

I had wished that would have tackled the issues and treated the crucial topics such as the current dreadful state of the public purse, Public sector Pay, providing support to small businesses, boosting saving and investments and encouraging the banks to be practical about lending to business organisations.

Like most business proprietors I agree that we need to have a mixture of tax gains expenditure cuts.

The old line of reasoning from the Prime Minister is that accelerated would hurt the UK and the recovery. My perspective is that although wholesale rapid cuts could cause a problem, the timescales proposed is just too slow.

It seems that the Chancellor is just playing around the edges of reform and does not want to rock the boat too much an election.

The upshot of accelerative public borrowing can be seen when you look at the Irish Economic State of affairs. The once Celtic tiger has had its claws extracted. Real cuts in public sector pay are a realism along with bruising proposals to reduce public borrowing.

I almost gagged on my dinner the other night, whilst watching the six o clock news. Public sector unions were upset about a limit on salary increases of 1%.

I would be in that position, as opposed to being a worker for the Public sector in Ireland.

Many small business shareholders have actually taken pay cuts in the last year, due to the economic slowdown.

As Financial Advisers we offer a Small Business Advice service to our customers on a weekly basis. I would have opted to see a more refreshing approach to helping as they are an important part of the UK business framework.

Filed under: Finance + Capital, Making Money