Web marketplace eBay has conducted a survey ahead of the General Election 2015 to assess which policies online sellers consider to be the most important in promoting business growth over the next 12 months.
Reducing the tax burden for all businesses was the most popular policy with 48% of the vote. Other policies included investment in faster broadband (31%), improved postal and delivery services (27%), better advice on setting up and running an online business (17%) and an increased police effort to tackle cybercrime and fraud (16%).
Tanya Lawler, Head of eBay in the UK, said: “We have been calling on Government and policy makers for years to do more to level the playing field for Britain’s army of SMEs by reducing postal costs and improving delivery and logistics services.
“These diverse businesses are vital to the UK because they are the engine of our growth at home and abroad, with more than 4 in 5 small businesses on eBay in the UK selling internationally.”
Many small and medium retailers in the UK turn to marketplaces such as eBay and Amazon to reach more customers.
Ms Lawler explained how eBay continually invests in infrastructure and technology that’s often too expensive for SMEs to build independently.
“It’s time for political parties to listen up and gave these entrepreneurial businesses the attention they deserve,” she added.
What issues are holding UK online sellers back?
In a recent survey carried out by YouGov, 74% of businesses said that the cost of overseas shipping was hindering their ability to reach new markets outside of the UK over the next year.
Other limitations to growth cited by SMEs included postage costs and delivery logistics (31%), increased competition (25%), staff wages and pension costs (10%) and a lack of suitable staff (7%).
What business policies would you like to see brought in? Tweet us over @theinsuranceoctopus or comment below and let us know!