Queen’s Speech promises reforms for Britain’s small businesses

The Queen’s Speech has set out an important and timely programme of reform, which is needed to get small business confidence back on track.

“There are a number of Bills announced today which could have a big impact on small businesses and their ability to grow. A key theme appears to be improving the workings of dysfunctional markets and investing in key infrastructure. Helping to re balance the economy and deliver growth in all parts of the country will be a fundamental test of this Parliament, and we are pleased this appears to be another core theme of the coming legislative programme," said Mike Cherry, FSB National Chairman. The latest Federation of Small Businesses (FSB) Small Business Index revealed small business confidence is at its lowest level since 2013. The overall economic outlook is far from certain and small businesses want to see moves to boost enterprise and cut the cost of doing business in all corners of the country. “FSB will closely monitor the Better Markets Bill as an opportunity to boost competitiveness and drive growth, and the Digital Economy Bill which must improve access to broadband for business premises, not just residential properties. “We also welcome today’s announcements to back the Northern Powerhouse, reform intellectual property, tackle rural transport problems, give new impetus to local growth, establish new universities and improve careers advice for young people.”