In its first survey since the election, the Federation of Small Businesses has drawn up a wishlist of 10 priorities.
As you might expect, reducing red tape and simplifying tax come top. Next on the agenda: reforming business rates, improving the employability of young p
eople, boosting broadband connectivity and helping businesses create more jobs.
Priority No. 7: tackling late payments.
To me, this comes right there at the top.
The amount of time, money and e
nergy wasted chasing tardy payers is one of the biggest drains on small businesses.
Out of a sense of outrage at the injustice of one non-payer, I went to the small claims court. I had to gamble a few hundred quid on the fee and take a morning off work, only for his solicitor (paid by the hour) to agree to settle my claim after the hearing clearly went against him.
All of this could have been done o
nline, at a fraction of the expense and time.
It’s time for David Cameron to take on the legal lobby binding our civil justice system in red tape.
* #ibacksmallbusiness is the Federation of Small Business’s business manifesto for the new Government which launched in November 2014. It contains the key issues FSB members want addressed during the next five years. For more information, go to http://www.ibacksmallbusiness.com/
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