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Firms urge minimum wage freeze | Firms urge minimum wage freeze |
(1 day later) | |
Business leaders have called for a minimum wage freeze as part of measures to help private industry drive the economy out of recession. | Business leaders have called for a minimum wage freeze as part of measures to help private industry drive the economy out of recession. |
The British Chambers of Commerce (BCC) called for more support in Wednesday's Budget, including cutting small businesses' corporation tax. | The British Chambers of Commerce (BCC) called for more support in Wednesday's Budget, including cutting small businesses' corporation tax. |
"It will be business that drives the economy forward, creating jobs and wealth," said BCC chief David Frost. | "It will be business that drives the economy forward, creating jobs and wealth," said BCC chief David Frost. |
He warned that many more companies could fail unless the government acts. | He warned that many more companies could fail unless the government acts. |
The suggestion that the minimum wage should be frozen is one of a number of ways the body said the chancellor could help "embattled" private industry. | The suggestion that the minimum wage should be frozen is one of a number of ways the body said the chancellor could help "embattled" private industry. |
'Freedom and flexibility' | |
It wants the Budget to include moves to reduce the rate of small companies' corporation tax. | It wants the Budget to include moves to reduce the rate of small companies' corporation tax. |
The Budget is an opportunity for the government to prove its commitment to business during this recession David FrostBCC director general What could be in the 2009 Budget | |
It has also called for help to encourage short-time working rather than redundancy. | It has also called for help to encourage short-time working rather than redundancy. |
Mr Frost said: "The chancellor's Budget is an opportunity for the government to prove its commitment to British business during this recession." | Mr Frost said: "The chancellor's Budget is an opportunity for the government to prove its commitment to British business during this recession." |
He added that unless businesses are given "the freedom and flexibility needed to survive and prosper, many more companies will go bust, and sadly, many more jobs will be lost." | He added that unless businesses are given "the freedom and flexibility needed to survive and prosper, many more companies will go bust, and sadly, many more jobs will be lost." |
The organisation also suggested the creation of enterprise zones to boost local economies. | The organisation also suggested the creation of enterprise zones to boost local economies. |
Other measures it calls for include the reintroduction of empty property rate relief and a reversal in the planned 0.5% increase for National Insurance contributions in 2011. |
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