In a speech entitled 'Standing up for Small Firms', Conservative Shadow Paymaster General, Howard Flight, said that small businesses in the UK are being 'zapped by too much red tape', and revealed his proposals for tax simplification.
Following calls from business leaders on Thursday for the Chancellor, Gordon Brown, to introduce an emergency package of measures to rescue the ailing manufacturing sector, Mr Flight said at a conference organised by the Federation of Small Businesses (FSB), that he was deeply concerned over the state of the manufacturing industry, and argued that the sector was already in recession.
The Shadow Paymaster General singled out the Climate Change Levy, IR35, and the Working Time Directive as his major concerns, and said that in power, the Conservatives would roll back the tax legislation affecting personal service companies. He also said that he admired the American system, and wanted to increase the use of tax exemptions for small businesses in the UK.
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