Labour minister Jacqui Smith is putting her party’s pledge to small businesses at the centre of her address to the grocery industry.
In the first of our Saturday Essay election series, starting today and written by key figures from the main parties, Smith, minister for the Department of Trade and Industry, outlines Labour’s track record in economic stability. Smith said that if Labour remained in power, it would implement reforms to cut costs and red tape. “We will introduce a tough new target to further reduce the administrative burden of the tax system on small businesses, including cutting tax returns for 500,000 of the smallest businesses by introducing new options to pay and manage VAT online.”
>>p34 The Saturday Essay