Small firms demand cuts to taxes and employment costs to deliver growth and jobs | Personal Finance | Finance [Video]

Small business owners fear increases in taxes and other costs following the general election, according new research.

The Federation of Small Business (FSB) has warned that political leaders will have to provide reassurances if they are to win the votes of millions of its members.

The organisation has launched a small business manifesto, including a call for new legislation to support small firms through a Small Business Act

A snap poll for the organisation found one in five (20 percent) of its members have yet to decide who to vote for while a further one-in-three (33 percent) have a good idea who they will vote for but could still change their mind.

FSB’s research found 90 percent of small business owners are concerned business taxes could rise under the next Government.

At the same time, 92 percent said they were concerned a future Government could increase the costs and risks associated with employing people.