Budget support for local firms

Derbyshire business leaders have welcomed aspects of the 2013/14 budget, claiming it will support local firms.

Some of the main points of Chancellor George Osborne’s budget include a new employment allowance from April 2014, which will take off the first £2,000 from employer National Insurance bills, the raising in the personal allowance to £10,000 and the scrapping of the planned 3p fuel duty rise.

George Cowcher, chief executive of the Derbyshire and Nottinghamshire Chamber of Commerce, said: “A number of measures announced in the Budget were business–friendly and welcome, including the National Insurance contributions cut for employers, Capital Gains Tax relief and reductions in Corporation Tax, further assistance for start–ups, financial support for working parents and the new voucher scheme to enable small businesses to get support.”

The Government also announced a 1p reduction in duty on a pint of beer.

Ian Howarth, of the Buxton PubWatch scheme, who runs The Queen’s Head Hotel, in High Street, Buxton, said customers expecting a reduction the price of a pint however might be disappointed as many pubs will have to put their prices up anyway in line with the increased prices charged by breweries.