Help for small businesses
Another Budget announcement was that as part of a raft of measures to help small businesses the current business rates holiday will be extended until October 2012.
During his statement George Osborne said:
'The last government planned that the current rate relief holiday for small businesses should end in October this year. I don't think that would be right. So I can announce that, at a cost to the Exchequer of £370 million, I will extend the rate holiday for small businesses for another year - to October 2012.'
David Gauke, Exchequer Secretary to the Treasury, has also issued a letter to small businesses setting out the measures designed to support for enterprise and small business. To read more about the measures visit the link below.
Internet link: Business link letter