Government Initiatives

Budget 2011: business reaction (I)

By and large, business groups extended a welcome to the Budget, but some expressed doubts about whether the Chancellor had done enough to stimulate a private sector led recovery.

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Government pledges £50 million to close the skills gap

The Government has committed itself to £50 million of spending each year to help businesses deal with the problem of a shortage of skills.

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Firms to get letters on NIC holiday tax returns

HM Revenue and Customs (HMRC) has said that employers who have successfully applied to join the Government’s NIC holiday scheme should be getting a paper national insurance return in the post during March.

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Keep graduate intern scheme

The Government should maintain support for its internship scheme against a background of rising graduate unemployment.

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More must be done to boost business growth, say MPs

Government plans for encouraging business growth have come under criticism from a committee of MPs.

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Questions still to be answered on bank lending

The commitment by the major banks, announced as part of the Project Merlin deal struck with the Government, to increase lending to smaller firms has been broadly welcomed, but questions remain, insist small business organisations.

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Bank levy to rise ahead of the Budget

The Chancellor, George Osborne has said that the levy charged on bank profits is to rise by an extra £800 million this year.

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