Chancellor George Osborne has delivered his Budget Statement to Parliament, setting out how the government will take further action to secure the recovery and build a resilient economy.
Budget 2014 announces the government will help British businesses by:
- doubling the annual investment allowance to £500,000 until the end of 2015
- offering the best export finance in Europe
- reducing energy costs, to ensure that the UK remains a competitive location for manufacturing
The government is taking decisions that will support businesses to invest, export, and create jobs – laying the foundations for sustainable economic growth. This Budget sets out the most radical reforms to saving for a generation, providing security for families to plan for their future. And it reduces taxes for hardworking people, while taking further steps to tackle tax avoidance.
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