Watch This !!
(And It Helps The Planet Too !!)
Virtual Event : Thursday 24th November 2022 10-11am
Smaller Businesses To Go Bust?
Does The UK Govt Want
MAJOR UK EVENT
As ludicrous as it may sound for the UK Govt to want smaller businesses to go bust, it does solves three major problems for them :
#1 Problem Solved : UK Govt Is Able To Meet It's 2050 Net ZERO Carbon Commitment
Bankers For Net Zero (www.bankersfornetzero.com) have warned the UK Govt that they will miss its 2050 net zero commitment as they are providing no support to smaller UK businesses
Having fewer smaller businesses means lower UK carbon emissions, so the UK Govt therefore has a greater opportunity to meet it’s legally binding target
Also, on 18th October 2022 a high court decision ruled the UK Govt’s net zero strategy was unlawful and the UK Govt has publicly conceded that it’s plan to cut carbon emissions is inadequate, and must now come up with a better one.
#2 Problem Solved : UK Govt Has No Increase In UK Debt To Fund Energy Saving Products
No effective and accessible funding has so far been provided for smaller businesses
Having fewer smaller businesses means the UK Govt would have no requirement to provide funding for energy saving products or renewable technology.
This reduces the future possible burden on public borrowings.
Problem Solved #3 : REDUCED NATIONAL DEBT SUPPORTING ENERGY BILLS
The UK Govt has reluctantly offered to cap energy bills till April 2023, which only came as a reaction to having to support domestic customers.
Investec have estimated this will increased public debt by £22bn - £48bn
Having fewer smaller businesses reduces the possible burden on public borrowings
REGISTER FOR EVENT (section)
This event is an open discussion that gives smaller businesses a voice to protect their future. blar blar
The Importance of UK Smaller Businesses
There are 5.8 million smaller businesses in UK
This represents 99.5% of all UK businesses
They are responsible for 30% of all UK carbon emissions
They are responsible for 50% of all UK business carbon emissions
They contribute 52% of all UK gross domestic product (GDP)
They employ .....
Yet just 3% of them have measured their carbon footprint
And 76% have yet to implement a carbon reduction strategy
Prior to COP26, The Bankers For Net ZERO warned the UK Govt in a report that due for it's support for smaller businesses it would miss its 2050 Net ZERO commitment. The Govt has taken no action in the last year to rectify this warning. Why?
This even includes providing smaller businesses with no basic software to measure their carbon footprint.
Are UK Smaller Businesses Being Set Up To Fail?
#1 : NO CARBON MEASURING SOFTWARE
The Govt has yet to provide any software to help the 5.8million smaller businesses calculate their carbon footprint. If carbon reduction is so important, why has no software been provided?
#2 : FLAWED CARBON STRATEGY
Businesses are advised to 1) reduce energy, 2) invest in renewable technology and then 3) offset the balance of carbon issues. This is a totally flawed concept because smaller business find both too expensive and too difficult to implement this strategy. Here are the four reasons why :
Can you reduce the number of your business miles?
Can you afford to buy new electric vehicles?
Do you have a suitable roof for solar PV panels?
Will your landlord allow solar PV panels on the roof?
Do you have the capital investment for heat pumps?
Can you afford the increased bills from heat pumps?
Will your landlord pay for the energy saving improvements?
If you are paying, can you obtain a payback with 10 years?
We believe the strategy should be reversed with carbon offsetting as the first stage so business become involved in the carbon reduction agenda and then apply innovative ideas and products.
#3 : MISS THE 2050 NET ZERO COMMITMENT
The Bankers for Net ZERO have warned the UK Govt that because it has provided no support for smaller business that it will miss its targets and commitments.
#4 : The UK GOVT CANCELLED THE FEED IN TARIFF (FIT)
Had the FiT been left in place from 2016, 100,000's of homes and businesses would have have solar PV panels installed, which would have provided protection against increased electricity prices and would significantly reduced carbon emissions from their present levels.
#5 : INADEQUATE UPGRADING OF THE ELECTRICITY GRID
As the UK govt failed to take appropriate action to up grade the grid or invest in storage batteries, £1.5 bn of generated electricity was wasted and never found its way into the grid. The companies generating the electricity were still paid with money added to domestic and commercial bills.
#6 : NON FINANCIAL SUPPORT FOR ENERGY SAVING PRODUCTS
The Govt has provided no schemes that make funding easily accessible for smaller businesses that would have reduced their energy consumption and therefore carbon emissions.
#7 : GOVT FOLLOWING GUIDANCE FROM WORLD ECONOMIC FORUM (WEF)
The WEF is the driving force that provides the policy measures being followed by governments around the world, including the UK govt. As part of the 5 step Great Reset process being promoted by WEF, they want all governments to 1) decarbonise the economy and 2) introduce Stakeholder Capitalism, which means that major companies (the Stakeholder Capitalists) who are part of the WEF provide the goods and services in place of less smaller businesses.
#8 : MORE ANNUAL COSTS WITH A NEW CARBON TAX
The ZERO Carbon Commission advised the UK govt prior to COP26 that a carbon tax was required on all people and UK businesses. They recommended it being introduced at £40/tonne increasing to £55 in 2025 and a minimum of £75/tonne by 2030. As smaller companies find it too expensive and difficult to reduce carbon (see #2), most companies will need to pay this tax on top of higher energy bills, fuels and increased goods.
Assuming the average smaller business emitted 30 tonnes of CO2, this would represent an additional annual tax of £1,200 now, increasing to a minimum of £2,250 from 2030.
#9 : NO FURTHER SUPPORT FOR ENERGY BILLS
Many smaller companies are already struggling to remain in business even with the capped energy prices to end of March 2023. The effect of having to pay further enhanced prices from April 2023 is mostly to result in many business ceasing to trade.
#10 : UK GOVT POLICY OF MAKING THE RICH RICHER
Liz Truss made it perfectly clear that her tax cutting budget was to support a 'trickle down' economy that put money into the hands of big business and the rich so they can pass benefits to the workforces. This is another example that supports the suggestion that larger companies are better placed to provided the services of failed smaller businesses.
This is your opportunity to express your voice and have your say.
Q1 : As a small business owner, do you believe the UK Govt is doing everything it can to support your business?
Q2 : Do you trust the UK Govt to protect your business?
Q3 : If your business ceased to trade, do you have sufficient financial resources to look after your family?
Q4: Unless further financial support is made available, is it a possibility that you may have to cease trading in 2022/2023?
Q5 : Do you believe that the UK Govt would benefit from there being less smaller businesses?
Yes / No
Yes / No
Yes / No
Yes / No
Yes / No
Can You Trust The UK Govt and The Bank Of England And Their Financial Advisors When Not One Person Saw or Warned :
Energy prices would increase by nearly 400% in year
Inflation would hit double figures
Borrowing rates would dramatically increase
A cost of living crisis was coming
Join Our Campaign
SAVE UK BUSINESSES
Blar Blar about the campaign use of data etc
REGISTER FOR EVENT (section)
This event is an open discussion that gives smaller businesses a voice to protect their future.