Cameron warns on SME exodus

Rising taxes are forcing small businesses to consider relocating outside the UK, the Forum of Private Businesses has warned.

David Cameron, leader of the Conservative Party, told a CBI conference in July he was worried that firms were looking for better places to do business and was committed to reducing the tax burden of small businesses in an attempt to persuade them to stay in Britain.

Phil Orford, chief executive of the FPB, welcomed Mr Cameron’s plans but said it was essential they were followed up with actions.

Mr Orford said: “While Mr Cameron’s proposals on business taxation are welcome, it is important that he makes good on his statements, as failure to do so will drive even more firms away from the UK.”