Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Your Shopping Basket
Total number of items: 0
Sub total: £0.00
Go to Checkout
Our Birmingham Shop
Our Bristol Shop
Animators Survival Kit

Darling pledges small firm support in Budget

24th March 2010

Chancellor Alistair Darling has unveiled a range of measures to support small businesses as the UK looks to recover from the recession.

In the final Budget before the forthcoming general election, the chancellor announced a one-off GBP 2.5 billion growth package to help entrepreneurs and small firms, boost investment in national infrastructure and support key skills.

'This package will be paid for by switching spending from within existing allocations and the extra proceeds from the tax on bank bonuses - in line with a Budget that is balanced over the period,' he explained.

Mr Darling also revealed that a new national investment corporation - UK Finance For Growth - will streamline the support offered to small firms and oversee the GBP 4 billion of funding support set aside by the government for businesses.

In addition, the Budget contained plans to increase the number of government contracts which go to small companies by 15 per cent, in the hope of creating an extra GBP 3 million in business for the sector.

Responding to the Budget, Conservative Party leader David Cameron said corporation and small business taxes should have been reduced and criticised the government for not doing enough to tackle the country's public spending deficit.

Latest Blog
On National Brothers Day, Stuart Heritage Reflects on his Relationship with his Brother, Pete
24/05/2017

On National Brothers Day, Stuart Heritage reflects on fraternal dynamics, how he came to write about the 'whirlwind of aggressive single-mindedness' that is his brother Pete and how their relationship is reflected by that of brothers everywhere.

Simon Edge on Why it’s Time for A Hopkins Revival
23/05/2017

Simon Edge explains why the time is right for a Gerard Manley Hopkins revival.

#FoylesFive: Japanese Literature
22/05/2017

Jen from the Web Team shares some her favourite Japanese books.

View all Blog Entries
Twitter
Show/Hide Tweets
© W&G Foyle Ltd