The chairman of the federation of Small Businesses has stood up for small businesses everywhere, addressing the issues surrounding the rising energy prices and campaigning for added protection for start-ups and SMEs.
Along with proposing a fresh look at business rates, he also declared that small businesses deserve better deals from banks and energy companies in 2014.
His address criticised the complicated pricing structures that seem to blind small businesses with science, as energy firms charge for services that seem to have no connection to the price of energy. John Allen believes, “It is now accepted by all political parties that reform to the structure of the energy market is vital for fairness. As well as reforming markets, the increasing recognition that small and especially micro businesses who behave like domestic consumers should be afforded similar levels of protection in the market is an important step in the right direction.”
Mr Allen says he is determined to stand up for small business rights and with his power he does have a very good chance of making the energy companies listen. Just last month the Treasury itself recognised the FSB and Mr Allen as a formidable force, one that is a super complainant and one that has the connections, the respect and the nous to pursue issues with the FCA (Financial Conduct Authority).
What Does this Mean for Small Businesses?
In 2014 John Allen will continue to campaign for the needs of his members and with his knowledge he will no doubt make people sit up and listen. Hopefully this will bring about change and small businesses will experience help in the form of a little relief. As the FSB pointed out, some businesses pay higher energy rates and business rates than their rent, with many struggling to meet the necessities before making any type of profit.
As always, we’ll ensure you reap any rewards first, as we’ll keep our fingers on the pulse so you don’t have to. In the meantime, you could take matters into your own hands and switch to save thousands of pounds.