Pre-Budget Report 2009: What it means for small businesses

Posted by Simon Sweetman in Finances, Staff, Business trends, Regulation on Wed, 09/12/2009 - 19:09

Simon Sweetman looks at how the chancellor's announcements will affect small businesses.

Before starting out today I set out a list of some of the things that people were very confident would happen, including cuts in the main rate of corporation tax, a swinging increase in the rate of CGT, and further increases in VAT. Wrong. Well, so far - and Darling appears to have forgotten to extend the 50% income tax rate to all Old Etonians.

So what is there in this announcement that will impact on small business? Well, it will help that the government is not going to slam on the brakes and look to make big cuts in public expenditure which could drive us deeper into recession. But the detail is important.

To read the rest of the article you'll need to log in below

If you've forgotten your details click here for a reminder.

If you haven't got an account, it's free to set up and only takes a minute,
click here to register

Create your FREE BusinessZone.co.uk account to:

  • Access all articles in full
  • View multimedia
  • Receive email bulletins
  • Send private messages
Register now

Login

Forgotten your password?

From our YouTube channel

Anthony Lau, founder of Cyclehoop and 2009 winner of BusinessZone.co.uk's small business competition The Pitch:

For more exclusive videos, click here.

Do you tweet?

Join our social media discussion group and share your Twitter username with other BusinessZone members. Click here.

What one thing could your business not survive without?

We're putting together a list of business owners' must-haves. Tell us yours here.

BusinessZone TV

Dragons' Den judges James Caan and Deborah Meaden and social entrepreneur Karen Darby are some of the successful entrepreneurs who feature in our exclusive videos. Watch here.