Knowledge Centre

Cameron moots tax relief for small shops

Conservative leader David Cameron has proposed tax breaks for small shops.

Speaking to the Campaign for the Protection of Rural England yesterday, Cameron pledged to increase the amount of protection given to small shops and promised to consider reducing taxation and red tape.

Stating that his party's position acknowledges social as well as financial value, the Conservative leader also proposed to spare post offices and small hospitals from closure.

In his speech, Cameron said: "The personal and specialised offer from independent retailers, combined with their tendency to be more involved in community activities, to be plugged into local social networks or to support local suppliers, means that they should be treated differently."

The Tory leader's warm words have been welcomed by small business groups.

"Creating the climate to allow small shops to survive and grow is important for the future well-being of towns and cities across the UK," Phil McCabe from the Forum of Private Businesses told More Than Business news.

He added: "Proposals to tackle the dual burdens of tax and red tape would be welcomed by the FPB, as would better deterrents to prevent larger competitors, such as the big supermarket chains, from abusing their positions. The late payment of smaller suppliers and price fixing are just two examples of this."

Business insurance is issued by Royal & Sun Alliance Insurance plc, which is authorised and regulated by the Financial Services Authority (Reg No. 202323). All offers subject to availability. For your protection, telephone calls may be recorded or monitored. Discounts based on prices available for like-for-like RSA policies. Apart from Van where following our May 2008 rate review over 10% of customers could pay at least 25% less.