FPB calls for changes to National Insurance scheme

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The Forum of Private Business (FPB) has written to the Chancellor ahead of next month’s Autumn Statement outlining its plan for jobs and growth.

The organisation is calling for a reduction in the costs of employment for business by amending the current National Insurance holiday scheme, and also sets out a case for the Chancellor to abandon plans that would mandate flexible working on all employers, regardless of their size.

The forum has also asked for further incentives for private lenders through alternative sources of finance. This would encourage less reliance on mainstream lending, said the FPB, thereby reducing SME addiction to shrinking levels of traditional lending streams and give businesses the credit required to drive their own growth or even just stay afloat.

The FPB’s head of policy, Alex Jackman, said: “This Autumn Statement is a chance for the Chancellor to make amends for the disappointment that was the March budget and really show he understands the challenges the economy faces.

“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. We want to see the Chancellor freezing fuel duty for at least a further six months, and commit to a fair fuel stabiliser before the end of this Parliament.”