77% of firms feel let down by DTI
Sunday 18 May 2003
The Trade and Industry Secretary faces embarrassment next month at a conference for small to medium-sized enterprises (SMEs), where she is the keynote speaker.
In a survey of 300 managers of such enterprises, only 23 per cent say Patricia Hewitt's department does a good job in creating the right framework for business to thrive. This is despite 63 per cent saying the Department of Trade and Industry's actions are very important for their business. Fewer than 6 per cent think the Government is doing enough for the sector.
Ms Hewitt will be grilled by entrepreneurs at the Smarter Business 2003 conference, to be held at Earl's Court from 3 to 5 June. The organisers commissioned the research from KPMG, the accountancy firm. The findings will be announced tomorrow.
She will also face questions about the Government's muddled policy on the euro. The survey reveals that 60 per cent of the businessmen want the UK to join the currency. Although Gordon Brown is sceptical about entering the euro in the near future, Tony Blair has pushed for the whole Cabinet to set the policy.
However, almost half the survey sample say they are confident about prospects for the UK economy.
"We're working hard to make the DTI more responsive to the needs of business," Ms Hewitt told The Independent on Sunday. "We've also done a lot to improve the tax structure for business. In particular, the extension of the flat-rate VAT scheme means nearly three quarters of a million small businesses could now save up to £1,000 a year on their VAT bill, while small firms with profits of less than £10,000 pay no tax at all."
She has also set up a panel of businessmen and civil servants to create a strategy for the SME sector.
- 1 What if 35 Palestinians had died, and 800 Israelis?
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 The secret report that helps Israel hide facts
- 4 'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
- 5 Ross Burden dead: MasterChef and Ready Steady Cook star dies at age 45 after suffering from cancer
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK
Disney heiress Abigail disowns her share of family profits in West Bank company
'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Ross Burden dead: MasterChef and Ready Steady Cook star dies at age 45 after suffering from cancer
The secret report that helps Israel hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
Were 'Poor Doors' added to mixed developments so wealthy residents don't have to go in alongside social housing tenants?
- < Previous
- Next >
iJobs Money & Business
£350 - £400 per day + competitive: Orgtel: Senior Analyst, ALM Data, Halifax, ...
£500 - £600 per day: Orgtel: Java developer - Banking - London - Up to £600/d...
£400 per day + competitive: Orgtel: Liquidity Reporting - Basel III - LCR - Ba...
Negotiable: Harrington Starr: Client Services Associate (Microsoft Office, Ana...