Oral Answers to Questions
Debate between Steve Brine and Phillip Lee(10 years, 11 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Steve Brine (Winchester) (Con)
5. What recent steps he has taken to support small businesses.
Dr Phillip Lee (Bracknell) (Con)
13. What recent steps he has taken to support small businesses.
The Chancellor of the Exchequer (Mr George Osborne)
This year the Government are taking further steps to help small businesses. We have increased the investment allowance tenfold, and from next April we will introduce a new employment allowance worth £2,000 for every small employer, taking around one third of small employers out of employer national insurance contributions altogether. From next Monday we will help small businesses get the best deal from their banks by guaranteeing that they can switch their accounts within seven days. That service will also be available to families, which is real choice and competition in banking being introduced by the Government.