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Wednesday 30 November 2011

Autumn Statement - What's up?

GEORGE OSBORNE has announced plans to expand the government's Enterprise Finance Guarantee (EFG) scheme in a bid to get credit flowing to Britain's smaller businesses – Let’s hope the banks understand what this is meant to be and not just another excuse to ratchet up security on existing lending.

He also said that capital allowances of 100% will be rolled out in areas of Liverpool, Sheffield, the Black Country, Humber Valley, North East and maybe Blythe- Is the latter because he is unsure of his geography and needs to double check on Google?

But the good news is that business rates will be held over until April 2013

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