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Budget Report 2011
Chancellor George Osborne heralded his second Budget as one ‘for enduring growth and jobs’. Despite revealing significant cuts in the economic growth forecasts for 2011 and 2012, the Chancellor insisted that the Government’s fiscal plans were on course.
The Chancellor’s speech included a range of measures intended to boost business enterprise. Among the key announcements was an increase in the planned reduction in corporation tax, the scrapping of £350 million of business regulations and extending the business rate relief ‘holiday’ for small businesses for another year. Sweeping changes to the Enterprise Investment Scheme were also announced, alongside a doubling of Entrepreneurs’ Relief.
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25.03.11 | wilkins kennedy, spring
