Tuesday, 2 December 2014

KBSA calls for SME support in Autumn Statement

The Kitchen, Bathroom & Bedroom Specialists Association (Kbsa) has called for more support for small and medium-sized enterprises (SMEs) ahead of The Chancellor’s Autumn statement on 3rd December 2014.

Graham Ball, Chief Executive Officer, said: “It really is time now for the Coalition Government to deliver on promises made in the past and get the banks lending more easily to SMEs. While it has improved, there are still cases where the obduracy of the past has returned, and decision-making must be returned to a local level.

“Business rates, of course, need modernising quickly as they cannot be sustained at the levels created when property prices were at their highest – that situation is just plainly daft! Like many sectors, SMEs are still being hamstrung by the amount of red tape. A classic example of this is in the new ‘auto-enrol’ pension project, where the administration process will be beyond some, leading to spend more money employing accountants or pension providers to do it for them. What nonsense!”

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Ball added: “While it is not directly the Chancellor’s role, we would support the Adonis Review in calling for a US-style Small Business Administration here in the UK, which would be run by people who genuinely understood the needs of the sector, as I believe that some of the long-standing issues SMEs have been lobbying for go unheeded because MP’s focus on big business without realising the importance of the sector to the UK economy, and increasingly they have no actual experience of business before standing for parliament.”

Well said Graham!

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