Small Businesses

Part of Oral Answers to Questions — Industry – in the House of Commons at 12:00 am on 23 July 1979.

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Photo of Dr Jack Cunningham Dr Jack Cunningham Shadow Spokesperson (Business, Innovation and Skills), Shadow Spokesperson (Industry) 12:00, 23 July 1979

Does not the Secretary of State recognise that increasing the burden of value added tax, increasing the limits on borrowing and reducing the assistance to small firms under his regional assistance statement last week will all make it more and not less difficult for small firms to develop and prosper? How does that situation square with the much-vaunted commitment in the Tory manifesto actively to improve conditions for small businesses? The Wilson committee made some recommendations which were widely welcomed in the City. Are they not worthy of greater consideration than the right hon. Gentleman has apparently given them?