Small firms stand at a crossroads after budget
Reduced consumer spending could render useless any budgetary gestures towards small businesses, writes Brian Keegan.
We seem to persist in the belief that what we could afford to spend in 2007, we should still be able to afford now. None of us is terribly happy, therefore, with this budget's tax and expenditure measures.
If government expenditure had shrunk in line with the economy, as private sector income has, there would be no need for additional taxes. But it costs more money to run a welfare state in a ...
