The Budget - 24/03/2010

Some help for businesses with RBS and Lloyds trusted to deliver £94 billion new business loans, of which half must be placed with small to medium sized businesses and a credit adjudicator to look at lending decisions and pronounce on their fairness or otherwise and also to deal with complaints.

Business rates are to be cut for a year from October, a small but welcome measure.

The Government will place 15% more of the contracts that are their within gift with SMEs and will agree to pay 80% of invoices from small businesses within five days! If only everyone paid within the week!

The Time to Pay scheme for SMEs with outstanding tax bills is to be extended for the entire term of the next parliament.

These are amongst the measures rolled out for businesses in the Budget

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