Budget will not help

Mutiny Festival brought over �2m to the local economy Picture: Paul Windsor

Mutiny Festival brings £2.7m into Portsmouth economy

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A POLL has shown small firms expect no impact on their day-to-day running from last week’s Budget.

The Federation of Small Businesses said almost half of its members said it would have no impact, whilst 31 per cent thought it would be positive for them.

Ken Moon, chairman of the FSB’s Wessex region, which covers Hampshire, said he thought extending the National Insurance contributions holiday to microbusinesses would help growth.

He added: ‘The Budget was pro-business and we are pleased that the Government has listened to some of our concerns and has extended small business rate relief and scrapped the planned 1p rise in fuel duty and the escalator.

‘But, as the results show, the Budget has not hurt small businesses, but it won’t help them to grow either.’