Clwyd West 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 Conservatives will:
1. cut the time it takes to start a new business in the UK. It takes twice as long to start a business in the UK as in the USA, Denmark or Hong Kong. The Conservatives will reduce the number of forms needed to register a new company, and move towards a ‘one-click’ registration model;
2. help poorer households start up. The next Conservative government will remove outdated restrictions on people in social housing from starting up a business. We will seek to prevent local councils and housing associations from including clauses in tenancy agreements that stop social tenants from reasonably running a business at home. This policy will apply to new social tenancy agreements, and social landlords will be encouraged to amend existing tenancy agreements. The conditions concerning noise and nuisance will remain firmly in place;
3. end Labour’s practice of pushing thousands of businesses into bankruptcy over small amounts of unpaid taxes, to make life easier for entrepreneurs and save jobs. This will be achieved 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.
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.”
