Let’s start off by saying the world of speciality coffee is amazing! The industry and the shared passion infused into every small business whether they be roasters, bakers, equipment manufacturers or coffee shop owners is truly wonderful and a joy to be a part of. The ability to take unloved commercial units or high street shops and turn them into bustling little hives of the community, giving our patrons a break from the day to day, an energy boost and a little affordable treat with the opportunity to engage one another face to face in conversation is truly a marvel especially considering todays increasingly digital world and the ridiculous fast pace that world often demands. It’s refreshing to have a sanctuary on the high street full of aromas, sights and sounds to stimulate the senses and ground you in reality.
Oh and now to the original point of this blog post (apologies for getting carried away above), we do all this day in and day out for the love and said passion, but what do we get in return from the UK government? Taxes lots of taxes in the form of VAT and PAYE… increased input costs from a series of ill thought through referendums (Brexit was and still is a bad idea!), successive budgets and economic policies which result in inflation and high borrowing costs putting pressure on prices and consumer confidence. Finally if there’s anything left after all that and you’ve had a good sales year, you get to pay another 19 to 25% in corporation tax!
It’s no exaggeration to say that successive governments decisions and macro-economic factors outside of a Small Business (SMEs) control have made for extremely tough operating conditions post COVID creating a cost of living crisis hitting many small business operators just as hard as consumers. It is why investment and growth remains severely restricted and business insolvencies remain at a record 30 year high in the UK.
So, what is our new government’s plan to help protect, stimulate and support the Small Business economy? After all collectively SMEs account for over 50% of total UK GDP and employ 60% of the people… Frankly there’s little to be excited about in the Autumn budget to help SMEs instead our PM focused on smoozing large corporate foreign investors coupled with the continued pessimistic rhetoric coming out of Westminster it does little to inspire, but hey! We will endure, we will keep pushing for the love and the passion of speciality coffee!