Corporate taxes that could prevent UK firms from making it through the recession should be put on hold, one expert has suggested.
British Chambers of Commerce (BCC) director David Frost said that the country's economic recovery is dependent on making it as easy as possible for companies to generate profits.
He remarked: "It is vital that new business taxes, higher National Insurance contributions and… measures that may damage enterprise and job creation are avoided," adding that a "thriving businesses sector is key for growth.
According to Mr Frost, public sector cuts should be applied to all areas apart from commercial infrastructure expenditure.
His comments come after the BCC published its September 2009 Economic Forecast, which has predicted GDO growth in 2010 to equal 1.1%.
A recent report by Hiscox revealed that small businesses are becoming more optimistic of surviving the recession, with the majority refusing to cut bonuses or make redundancies.
New business taxes 'should be avoided'
