Pre-Budget Report 2009: A small business perspective

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Simon Sweetman
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Simon Sweetman looks at how the chancellor's announcements will affect small businesses.

Before starting out today I set out a list of some of the things that people were very confident would happen, including cuts in the main rate of corporation tax, a swinging increase in the rate of CGT, and further increases in VAT. Wrong. Well, so far - and Darling appears to have forgotten to extend the 50% income tax rate to all Old Etonians.

So what is there in this announcement that will impact on small business? Well, it will help that the government is not going to slam on the brakes and look to make big cuts in public expenditure which could drive us deeper into recession. But the detail is important.

Almost certainly the most important announcement is the continuation of the HMRC Busines...

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