The economy

Budget 2014: business expectations

Ahead of the Chancellor's 2014 Budget statement this afternoon, here's a summary of measures and policies that the UK's leading business groups are calling for.

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Help to Buy extended by four years

The Government has extended its Help to Buy equity loan scheme by four years, the Chancellor George Osborne has announced.

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Most start-ups based at home

Seventy per cent of all new businesses are started at home, research by AXA Business Insurance and the Enterprise Nation business network has found.

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Minimum wage rises to £6.50 an hour

The National Minimum Wage for adults is to rise by 19p an hour to £6.50, the Government has announced.

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Retail sales growth slowed in February

Retail sales fell one per cent last month when compared to February 2013, the British Retail Consortium (BRC) has announced.

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Business leaders call for apprenticeship boost

Business leaders are calling on the Government to encourage businesses to hire more apprentices ahead of National Apprenticeship Week.

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Home ownership continues decline

Home ownership in England has fallen to a 26-year low, according to new Government figures.

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Above-inflation minimum wage rise proposed

A three per cent rise in the national minimum wage (NMW) has been recommended by the Low Pay Commission.

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Scottish house loans highest since 2008

The number of loans for house purchase in Scotland increased by 24 per cent in Q4 2013 compared to the same period in 2012, according to the Council of Mortgage Lenders.

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Recovery not secure says Osborne

The economic recovery is “not yet secure and our economy is still too unbalanced”, according to Chancellor George Osborne.

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