Budget appeal
21st January 1984, Page 7
21st January 1984
Page 7
Page 7, 21st January 1984
— Budget appeal
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Keywords :
Economy Of The United Kingdom, Confederation Of British Industry, Nigel Lawson, Lawson, Nigel, Chancellor Of The Exchequer, Social Issues, Business / Finance
THE CONFEDERATION of British Industry has asked Chancellor of the Exchequer Nigel Lawson to introduce a Budget that will sustain the recovery by helping British firms become more competitive and gain more business at home and abroad.
CBI director-general Sir Terence Beckett said one aid in this task could be the ending of the National Insurance surcharge, which costs business £1bn a year.
He said that another helpful action would be to reduce the £6bn a year rates bill which town and county halls impose on business.
"We also asked the Chancellor to adopt a package which will encourage enterprise and wider share ownership and help the development of today's small firms, some of which will be the giants of industry tomorrow," Sir Terence said.