Potters Bar’s MP welcomes funding relief for small businesses in the Budget
PUBLISHED: 13:08 14 March 2017 | UPDATED: 13:08 14 March 2017
Potters Bar’s MP has welcomed transitional relief allocated for small businesses in the Budget last week.
Notable announcements by Chancellor Philip Hammond included transitional relief to tackle rising business rates, £2bn funding for social care, investment in vocational education courses and a tax-rise for the self-employed.
Hertsmere MP Oliver Dowden said: “I know many small businesses in Potters Bar were worried about changes to business rates.
“I’m glad the Chancellor listened to my representations and those of others and offered further relief, including extra help for pubs, small businesses and a new discretionary fund.”
Mr Dowden also welcomed additional funding for social care, which he said should help local hospitals, as well as money for vocational education – an area he claimed is more important that ever following Brexit.
The MP added: “I know that there is a lot interest in the proposed changes to national insurance.
“I think it’s right that the Government has now agreed to look at the whole issue of self-employment – not just taxation but also benefits – before Parliament decides on any changes.
“I take a close interest in this issue and will make sure that the views of local people are heard.”
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