Tax Breaks for private lenders and investors would make it easier for small to medium enterprises (SMEs) to gain access to finance, the Forum for Private Business (FPB) has claimed.
The FPB wants the chancellor to give a tax break to alternative lenders in his autumn statement next Tuesday.
FPC chief Phil Orford said: “The forum believes one of the key issues facing the UK economy is a business sector lacking sufficient confidence to invest.”
And while the effect of external market conditions is difficult to control, one action government can take is to set out clear financial and regulatory domestic road map in the years ahead. Above all we recommend the government shows consistency, clarity, and certainty.”