Government fails business expectations

THE government has failed to meet the expectations of entrepreneurs, according to a new poll.

The survey of more than 390 business owners conducted by RSM Tenon reveals a ten per cent drop in the number of business owners who believe the government is supporting them.

Two weeks after the general election, 52 per cent of entrepreneurs felt the new government would support businesses with just 18 per cent believing they would be left unsupported. Three months on 40 per cent believe the coalition government has so far failed to support them compared with 42 per cent who feel it has.

Nearly half (48 per cent) want a government u-turn on VAT, keeping the rate at 17.5 per cent.

Meanwhile, 42 per cent of business leaders want to see a reduction in National Insurance and a third (35 per cent) want to see government incentives to increase the availability funding. Three quarters of company bosses also indicated they would freeze employee pay again this year.