Business boss 'encouraged' by Budget

ROTHERHAM business leaders have welcomed the measures announced in the Budget.

Barnsley & Rotherham Chamber of Commerce described the outcome of the Budget unveiled by Chancellor George Osborne as “encouraging.”

Andrew Denniff, executive director at Barnsley & Rotherham Commerce, said: “We are reasonably encouraged that the Chancellor has given priority to business growth and private-sector expansion, alongside deficit reduction.

“There are some real pro-enterprise moves in this Budget.

“Reducing corporation tax rates by two per cent this year is a measure of real substance.

“We also welcome the Government's desire to speed up tax simplification, and to remove the much-disliked 50 per cent top rate of income tax.”

Mr Denniff said that smaller companies would take heart from the moves to cut fuel duty, maintain business rate relief for an extra year and exempt businesses with fewer than ten employees from new regulations.

He also welcomed the re-introduction of Enterprise Zones and the Government’s decision to reward those investing in new businesses across the UK.

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