New Enterprise Allowance - a "New Year fantasy"
Members of the UK200Group of independent chartered accountants and lawyers have dismissed the government’s New Enterprise Allowance Scheme, with one member describing it as a "New Year fantasy".
The new proposals include offering grants and loans to unemployed people with a ‘viable’ proposal who want to start up their own businesses.
The government says the new scheme will create up to 40,000 new businesses by providing financial and mentoring support to unemployed people.
David Ingall, partner at JWPCreers and a member of UK200Group, said: “I have to say this seems like a New Year fantasy, coming at the same time that HMRC has announced it is to target 50,000 businesses a year over the next three years to see whether their accounting records are adequate or accurate.
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