Small businesses in Norwich will be saved under plans unveiled by the Conservatives. Struggling companies will be allowed to delay their VAT payments giving them breathing space and also helping to keep local workers in employment. The Conservatives would also cut National Insurance for the smallest businesses to help them through the difficult times.
Antony Little, Conservative Parliamentary spokesman for Norwich South, said that if these plans were implemented immediately many Norwich firms would be rescued from going to the wall.
Councillor Little said: “Along with our plans to freeze council tax and cut small business tax, these are measures that could be implemented immediately to help cash flow and in some cases prevent companies from going to the wall.
“It is vital that small businesses are helped so that jobs in Norwich are not lost. A Conservative government would be doing everything in its power to save local firms across the country as they are the lifeblood of the British economy. They are the measures a responsible Conservative government would take.”
Antony, in his role as Conservative Leader in Norwich, used an emergency question to council to ask if the Council could cut the number of days to pay an invoice. The Executive Member said they would look into what they could do to help.
