Private Sector Seeks Help from Budget

Private Sector Seeks Help from Budget

Manufacturers and retailers have urged the Chancellor George Osborne to help them create growth in the next month’s budget.

The British Retail Consortium (BRC) has said that the retail sector is already struggling with the amount of government imposed costs imposed on it.

Last October saw a 2.2 percent increase in the National Minimum Wage, whilst in January VAT increased by 2.5 percent. In addition to this, there are upcoming increases in national insurance contributions and business rates.

The BRC said any further financial burdens on the retail sector would “undermine its ability to maintain and create jobs” whilst stressing that their sector was central to a private sector led recovery.

Director General of the BRC Stephen Robertson said: “While it may be true that ‘the broadest shoulders should bear the biggest burden’, the retail sector, which operates on slim margins, is already seeing its load increase sharply. New impositions can only hinder retail’s ability to invest.”

Ricky Steedman

Ricky worked as an Investigator in the Inland Revenue for over 20 years before founding Steedman & Company in 1987, giving him the experience and knowledge that enabled him to help so many clients over the years.

His appearance on a Channel 4 television programme about the inside workings of Revenue and Customs was watched by 4.1m which sealed his status as one of the most highly respected tax consultants to ever work in Scotland.

Ricky led all tax investigation and COP 9 cases, using his extensive knowledge to help people reach a positive resolution to their situation.

Ricky passed away suddenly and unexpectedly in June 2022 after leaving his indelible mark on the company he founded and headed for over 35 years.