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Comment on why Michael Heseltine’s report does not address the problems of small business…

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Michael HeseltineFollowing the report from Michael Heseltine today, here is additional comment of the potential impact, or not, that his measures could have on small and medium sized businesses.

Geraint Jones, private client partner at City accountants Reeves, said: “It is good to see that the government is exploring ways to support growth and build relationships between public and private sectors. Yet the solutions, including encouraging greater state intervention and regulation, are unlikely to help small and medium sized businesses.

“Enabling businesses to gain better access to funding and national insurance holidays, for example, would be of more practical benefit and have an immediate impact.”

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