Government Announcements

Spotlight - Government Announcements

Confusion over Budget enterprise zones

Businesses based in enterprise zones in Scotland, North Wales, and England are set to benefit from enhanced capital allowances, after announcements made in the Budget, but there is confusion over whether Northern Ireland is to be granted its first enterprise zone.

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Chancellor defends Budget

Chancellor George Osborne has been defending yesterday's Budget in a string of media interviews after accusations of hitting the elderly with reduced tax allowances and aiding the highest earners.

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Budget 2012: 50p tax rate cut while income tax threshold is raised

Chancellor George Osborne announced that the 50p top rate of tax will be reduced to 45p in April, and a further £1,100 increase in the personal allowance by 2013, in the Budget made earlier this afternoon.

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Loan scheme for small businesses launched

A new Government backed loan scheme worth £20 billion aimed at boosting lending to small and medium-sized enterprises (SMEs) has been launched by the Chancellor.

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Government pledges to double contracts with SMEs

The Government plans to double its spending on public sector contracts awarded to small and medium sized enterprises (SMEs), from £3 billion to £6 billion, it has announced.

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SMEs urged to embrace overseas trading

Small businesses in the UK should take advantage of trade opportunities in the EU and on a global level to boost company growth and the UK economy, says business and enterprise minister Mark Prisk.

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£4 million of red tape cuts for businesses

Businesses in the UK will save around £4.17 million if the Government sticks to plans to cut regulatory burdens between January and June 2012, a new report published by the Department for Business, Innovation and Skills (BIS) says.

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Additional £1 billion for business growth fund

The Government will pump an extra £1 billion into its Regional Growth Fund which aims to support businesses by boosting employment and economic growth, it has announced.

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New HMRC taskforces to target market and auto traders

HMRC is to launch 30 new taskforces in 2012/13 which will specifically target market stall holders, car sales people, and rag traders as it continues its clampdown on those who attempt to dodge the tax man.

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New lenders join SME finance scheme

Four new accredited lenders will join the Government's Enterprise Finance Guarantee (EFG) scheme to offer loans to small and medium sized enterprises (SMEs.

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