Government Announcements

Spotlight - Government Announcements

Chancellor to offer one-year employer NIC holiday

The emergency Budget is to give new businesses a one-year break from paying employers’ national insurance contributions on the first ten staff they employ.

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Economic growth forecast is cut

The Office for Budget Responsibility (OBR), set up by the coalition government to provide independent economic forecasts, has predicted that rate at which the UK economy is likely to expand will be lower than previously estimated.

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Health and safety regulations to be reviewed

The government is to subject the current health and safety legislative system to a review.

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Corporation tax cuts likely to be phased in

Plans by the government to reduce the higher rate of corporation tax may well be phased in over a period of years.

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Action promised on business lending

In his first major speech as Business Secretary, Vince Cable committed the government to taking a tougher line on parts of the banking system that have “not served enterprise in this country as well as they could”.

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Government pledge to tackle business red tape

The government has outlined the first phase of its plans to reduce the level of regulation affecting businesses.

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