Call for tax breaks for private lenders to boost competition in SME borrowing markets
The Forum of Private Business is repeating its call for the Government to hand private lenders tax breaks in this week’s autumn statement in order to stimulate competition with leading banks and bring down borrowing costs. It is one of several tax proposals to help small firms and get the economy started in the Forum of Private Business’s submission to the autumn statement and growth review, which take place tomorrow, 29 November. Other measures include freezing fuel duty and business rates rises scheduled for early 2012.