Budget 2011: An “excellent” budget for Hertfordshire businesses
THE 2011 Budget has laid a “good foundation” for businesses to grow, the chief executive of the Hertfordshire Chamber of Commerce has said.
Tim Hutchings congratulated Chancellor George Osborne’s “excellent” budget announcement, which featured a series of measures designed to encourage entrepreneurship and stimulate small businesses.
Mr Osborne announced a 10 per cent rise in income tax relief for Enterprise Investment Schemes (EIS), and the creation of 21 “enterprise zones” - 11 more than expected.
Corporation Tax will also be cut by two per cent, while the small business rate relief holiday will be extended until October 2012.
Speaking after the announcement, Mr Hutchings told the Welwyn Hatfield Times: “I think from a business perspective it’s an excellent budget.
You may also want to watch:
“We need to acknowledge that it’s only a foundation, but if you look at it from our point of view there’s a lot of encouragement from small businesses. I think he [Osborne] has laid a foundation and will encourage businesses to grow.”
- 1 Murder-suicide investigation in Welwyn Garden City
- 2 Grant Shapps suddenly cancels constituency event amid fuel chaos
- 3 Ed Sheeran announces 2022 stadium tour: How to get tickets
- 4 Councillor disappointed as BioPark appeal confirmed
- 5 Five hospitalised after Hatfield dog attack
- 6 14 of the best places for a curry in Hertfordshire according to readers
- 7 Bridgerton: First look at Kate Sharma in season two of Netflix drama
- 8 Enjoy Sneaky Experience's 'weird and wonderful' nights out at Hatfield House this Halloween
- 9 Welwyn Garden City gym smashes target distance in charity cycle challenge
- 10 University of Hertfordshire paedophile caught with more than 500 child abuse images