Meeting with Federation of Small Businesses
13.5 million people work for small businesses, that is 58% of the private sector workforce. Small businesses are vital to the economy of the South Hams and Brixham and the Conservatives are committed to improving their chances of surviving the recession. SMEs spend 7 hours per week on paperwork and new regulations introduced in the last decade have cost businesses £76.8 billion; much of this regulation involving the European Working Time Directive.
Conservatives recognise that small business is the key to the recovery and will establish a National Loans Guarantee Scheme to getting business moving. The Conservative Party is committed to reducing the burden of regulation and simplifying employment legislation to make it easier for businesses to take on new employees.
