There have been calls for the government to freeze the minimum wage in the UK to help the country recover from the recession.
In its Budget submission, the British Chambers of Commerce (BCC) claimed that more freedom and flexibility should be given to enable the economy to drag itself out of the current downturn.
Suggestions include cutting the small business corporation tax and encouraging employers to offer short-time working instead of making redundancies.
David Frost, chief of the BCC, said "Unless they are given the freedom and flexibility needed to survive and prosper, many more companies will go bust and sadly, many more jobs will be lost."
He added that the Budget is the perfect opportunity for the Chancellor to prove his commitment to British businesses at this time.
Last week, a study conducted by the Hay Group revealed that pay rises in the UK are among some of the lowest in the world.
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