Alistair Darling unveils support for small businesses in pre-election budget

The Chancellor of the Exchequer Alistair Darling today unveiled a range of measures designed to help support small businesses.

Among the measures that could affect horticultural companies are:

  • A pledge to increase by 15% the proportion of central government contracts that go to small businesses
  • 80% of government invoices will be paid within five days
  • Business rates cut for one year from October which will lead to 345,000 small businesses paying no business rates
  • A doubling of the annual investment allowance to £100,000 meaning 99% of businesses will be able to deduct all investment in machinery.
  • An increase in the entrepreneurs' tax threshold to £2 million.


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