Entrepreneurs demand answers
12.May.10 | Posted in News by bdaily business news network
AS THE finer details of a coalition between the Liberal Democrats and Conservatives emerges, many of the region’s entrepreneurs are waiting with anticipation to discover how it will affect their business. They told bdaily of their hopes and concerns about uncertain times ahead.
Joanna Feeley, creative director of Heaton based trend forecasting agency, Trend Bible, said: “I think there is an air of tension in the business world surrounding the current political situation, as the recovery is so fragile and it’s important to have strong leadership at a time like this.
“My expectations are that VAT and income tax will go up, but my concerns are that with a coalition, the negotiations and the decision-making process will be painstaking, and already it’s evident that this is influencing the markets, which in turn is affecting our export trade. It makes it pretty hard to plan ahead as a small business owner.”
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Thursday 13 May 2010
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I think the most odd part of the government is that the losers have become winners! Has everyone forgot that Lib Dem were losers yet in the end had all the power. Democracy?! Erm, I think you'll find we didnt want them in power. Do you think tax and VAT going up will cause a mini recession?
ReplyDeleteAfter graduating from university, I hope to buy a house but was told that last time Conservatives were in power, buying a house was insanely difficult and only for the rich. This scares me a little..