FSB outlines recommendations to Chancellor ahead of expected fiscal event

In a letter to Chancellor Rishi Sunak, the Federation of Small Businesses (FSB) has outlined a series of recommendations designed to support small businesses once the COVID-19 lockdown ends.

25 Jun 2020

In a letter to Chancellor Rishi Sunak, the Federation of Small Businesses (FSB) has outlined a series of recommendations designed to support small businesses once the COVID-19 lockdown ends.

The Chancellor is expected to deliver an economic statement early next month.

The FSB stated that the majority of businesses will face 'significant costs' when they reopen. 86% of businesses polled by the FSB said they'll need to make changes to their premises to allow for social distancing measures. 60% said it will cost up to £1,000 to reopen in line with government guidance, whilst 28% believe it will cost more than £1,000.

Additionally, in order to protect livelihoods as the government's Coronavirus Job Retention Scheme (CJRS) comes to an end, the FSB recommends that the Chancellor consider reducing employers' national insurance contributions (NICs) or uprating the Employment Allowance.

The business group has also called for a full statutory sick pay (SSP) rebate for those who need to self-isolate over the coming weeks.

Commenting on the letter, Mike Cherry, National Chairman of the FSB, said: 'The fundamental question facing small businesses today is: can I open in a way that's both commercially viable and safe?

'Among those for whom the answer is yes, the majority will face additional costs as they adjust their operations. The government should step in with back to work vouchers so firms doing the right thing can recover this expenditure.'

The FSB's list of recommendations can be found here.

Quick Links

Home | Contact us | Accessibility | Disclaimer | Help | Site map |

© 2020 Blue Spire Limited (Brighton). All rights reserved.

We use cookies on this website, you can find more information about cookies here.

Blue Spire Limited (Brighton) are Accountants in Brighton.

Contact Brighton Office

Tel: +44 (0)1273 739533
Fax: +44 (0)1273 732844
Email: brighton@bluespiregroup.com


Contact Chichester Office

Tel: +44 (0)1243 781234
Fax: +44 (0)1243 791770
Email: chichester@bluespiregroup.com

Brighton Address
5th Floor Intergen House, 65-67 Western Road, Hove, East Sussex BN3 2JQ

Chichester Address
Cawley Priory, South Pallant, Chichester, West Sussex PO19 1SY

Blue Spire Limited is Registered to carry out audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales C004152645. Professional indemnity insurance is provided by Royal & Sun Alliance Insurance Plc 9th Floor, One Plantation Place, 30 Fenchurch Street, London, EC3M 3BD and its territorial coverage is worldwide (excluding United States/Canada).
Blue Spire Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. FSA register https://www.fca.org.uk/register reference 566257. This guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at customers based in the UK