Wednesday, January 13 2010
Welsh Conservative MP David Jones has welcomed three new policies to be implemented by the next Conservative Government to help more small businesses start up in the UK.
The party has announced it will:
- cut the time it takes to start a new business in the UK by reducing the number of forms needed to register a new company, and move towards a ‘one-click’ registration model;
- help poorer households start up by removing outdated restrictions on people in social housing from starting up a business;
- end Labour’s practice of pushing thousands of businesses into bankruptcy over small amounts of unpaid taxes by increasing the statutory threshold over which the Government can petition to make a business insolvent.
These changes come on top of plans to reduce small company corporation tax rates to 20p and abolish tax on the jobs created by new businesses in the first two years of a Conservative government.
Clwyd West MP David Jones said: “Small businesses are the backbone of the Welsh economy, but many are suffering badly in the current economic climate. The new Conservative proposals will give small Welsh businesses a break and make it easier for them to set up and grow.”
Promoted by Alan Mabbutt on behalf of the Conservative Party, both at 30 Millbank, London, SW1P 4DP