Tax changes will help Britain’s businesses reinvest more of their money into growing their business and hiring more staff.
The changes will help entrepreneurs and businesses to take on apprentices, create jobs and expand. This includes action to cut employment costs, taking the very smallest businesses out of employer national insurance contributions together, extending business rates relief ahead of permanent major rates cuts and ensuring businesses can take advantage of lower prices at the pumps.
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Financial Secretary to the Treasury David Gauke said:
“Businesses are the lifeblood of the economy and we’re committed to backing them because we know that it is their enterprise and innovation that will deliver growth and opportunity for the next generation.
“The much welcomed tax breaks we’re delivering on this week will support millions of businesses to take on more apprentices, create more jobs and expand their operations.”