Two fifths of firms back Osborne's Budget as good news for small businesses

Former editor, BusinessZone
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Almost two fifths of businesses believe the chancellor's 2013 Budget is very small business friendly, according to a poll taken immediately after Osborne delivered his speech. 

When asked for their instant reaction in the live blog on and, 38% of the participants said the Budget is very good news for small firms, compared to 58% who believed it is 'friendly but not friendly enough'. The remaining 4% said the announcement is 'anti-small business'.

Dan Martin, editor of, commented: "It appears that the chancellor's big headline measure of cutting £2,000 off National Insurance contributions for employers has won over many small companies.

"The announcement was always going to contain lots of references to entrepreneurs and enterprise and on first sight, many business owners are happy. But let's see how they feel when the next Budget comes around."


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The consensus certainly seems to be that, despite a poor growth forecast, the budget was a good one for small businesses. Reacting to the budget live from our 'Situation Room', the Avanta panel of directors was certainly confident that the announcements of an employment allowance, increased infrastructure spend and faster broadband are all things that would serve SMEs well. There was, however, disappointingly little in terms of access for growth funding - only time will tell whether this vital issue for small businesses will be adequately addressed.