Businesses need ‘emergency’ budget to cope with rising costs

The British Chambers of Commerce (BCC) has called on Rishi Sunak to introduce an ‘emergency’ budget to help small businesses cope with rising costs.
The business group called on the Chancellor to postpone the recent National Insurance rise, cut VAT on energy bills to 5 percent and to reintroduce free Covid tests for companies to help them combat high absence rates.

Tax ‘red tape’ holding back businesses

A majority of British businesses agree that the cost of complying with the UK tax system has increased in recent years, according to new evidence from the British Chambers of Commerce (BCC).

A BCC survey of 1,100 firms found that three-quarters of businesses believe that the overall burden of tax administration and compliance has increased compared to five years ago.