Put Small Businesses at the Heart of Policy: Cherry

The transcript discusses the expectations of small businesses from the government, emphasizing the need for them to be central in policymaking. It highlights the Labour Party's proposal to increase the minimum wage to £8.00 by 2020 and critiques the political interference in wage setting, advocating for the Low Pay Commission's role. The need for a comprehensive reform of the business rates system is also stressed, as it is seen as outdated and hindering growth and job creation.

What is the main expectation from the conference regarding small businesses?

• To place small businesses at the center of policymaking

• To reduce the number of small businesses

• To increase taxes on small businesses

• To focus on large corporations

What is the Labour Party's proposed minimum wage by 2020?

• £10.00 an hour

• £9.00 an hour

• £8.00 an hour

• £7.50 an hour

Who is responsible for recommending the national minimum wage in the UK?

• The Low Pay Commission

• The Prime Minister

• The Labour Party

• The Business Council

What is the main issue with the current business rates system in the UK?

• It is too complex to understand

• It is based on outdated values and hinders growth

• It favors large corporations over small businesses

• It is too lenient on businesses

What is the desired outcome of reforming the business rates system?

• To stop job creation

• To better reflect the current economic climate

• To reduce the number of businesses

• To increase government revenue