Davos: what about small businesses?
Robert Scoble in Davos rightly says that startups are the way out of the recession – they’ll be hiring long before large companies.
I’ve posted and badgered politicians for months on this, even emailed Ken Clarke (does he use email?). There’s a quick and easy solution ready to be used: give small companies payment terms of 6 or 12 months on all their taxes. Yes, in the UK you get a long period on corporation tax, but not on the others unless you plead poverty to the Revenue.
The mechanism exists, it will have immediate effect, and won’t cost much. And no-one needs to persuade the bankers to start lending again.
Is anyone in our governments listening to small businesses?