- 14 updates
- New Employment Allowance will take the first £2,000 off the employer National Insurance bill of every company in the country
- Around 450,000 small businesses - one third of all employers - will pay no employer National Insurance at all after introduction of Employment Allowance in April next year
- Small firms will be given help through Government procurement budgets, growth vouchers and controls on regulators' charges
- The Capital Gains Tax holiday will be extended
- Corporation tax to be reduced by a further 1% to 20% in April 2015
- Small company and main rates of corporation tax merged at 20p
Stephen Winyard from Stobo Castle in Peebles, and Philip Cranston from Cranstons Butchers, both welcome the Corporation Tax reduction in 2015.
Sally Fielding from Sally's Cottages in the Lakes says that anything that puts more cash in the pockets of her customers is a good thing.
All say that there are not enough incentives to help younger people find work.
Joe Wilkinson, a builder who works in Cumbria and southern Scotland is very pleased with announcement of help for people looking to buy homes and build new homes.
He hopes that it will kick start the construction industry.
ITV's Hannah McNulty is watching the Budget with Business Club members.
"Nods all round the extra funding for infrastructure, roads, rail and
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Steven Bruck, a partner at Blick Rothenberg Chartered Accountants, takes a look at the winners and losers of this year's Budget.
Osborne surprisingly had a fair amount of leeway in his Budget. But we have to set all this in the context of a very gloomy overall picture.