Budget summary at a glance

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Quick post today - need to digest the budget properly before we can analyse the pros and cons for small businesses. Take a look a the BBC summary here: https://news.bbc.co.uk/1/hi/uk_politics/8011882.stm

Drinkers and smokers are hard hit again - an obvious target. (Will it be chocolate next?) Drivers - of course - will also see an increase in fuel duty, but that's not news really.  

For Business:

  • Help for loss-making companies extended - they will be able to reclaim more taxes paid in the last three years until November 2010
  • Businesses' main capital allowance rate doubled to 40%
  • New £750m strategic investment fund to help emerging technologies and regionally important sectors