THE BUDGET AND SMALL BUSINESS RATE RELIEF
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THE BUDGET AND SMALL BUSINESS RATE RELIEF

The Budget missed a golden opportunity to help struggling small businesses in England, according to Peter Luff MP, Chairman of the Business and Enterprise Committee.

Commenting Peter said:

“I was disappointed that the Chancellor did not use the opportunity to offer a life line to the small businesses up and down the country that are struggling.

"Despite indicating to me that the Government would adopt my proposals to make rate relief automatic there was nothing in his Budget.

“This omission is obviously unwelcome, but I am glad that the door has not been closed entirely. I understand the issue is still being discussed by Cabinet ministers, and that a decision may yet be taken shortly. It may be simply that it had not been reached in time for yesterday’s Budget.

"I do hope that is true. I have today tabled parliamentary questions urging the Government to adopt the measures I laid out last month in my Small Business (Automatic Payment) Bill.

“The recession has bitten hard and still shows no signs of loosening its grip. The simple act of paying rate relief automatically to small businesses will save many of those teetering on the brink from falling into the abyss.”


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