By Daniel Hunter

Responding to the Chancellor’s Spending Review today (26 June 2013) the Federation of Small Businesses (FSB) has welcomed the longer term view taken to capital spending across the whole of Government.

The planned spending on infrastructure project is welcomed and small firms across the country will hope that the investment in the road network can begin soon, so that firms can get on with running their business.

Mike Cherry, National Policy Chairman, Federation of Small Businesses, said:

“It is good that the Government has taken a long term view of how to plan capital spending to the end of the decade. The FSB said in its submission that a longer-term view needed to be taken. However what we now need is a clear timetable for delivery. Small firms tell us that school leavers aren’t ready for the world of work with many concerned about their ability in maths and English. Giving the funding direct to schools should be used to address this issue. The continued investment in science, technology and apprenticeships is also good news.”