Hundreds of thousands of businesses are to be exempted from health and safety inspections under moves announced by the Government today.
The wash-out start to the summer added to the woes of the high street and triggered a 10.3% rise in retail collapses between April and June.
Fear surrounding the eurozone have left many business owners unsure of how it will impact on the economy and their livelihoods.
Leisure group Whitbread has vowed to step up expansion of its Premier Inn and Costa chains in a move set to create 12,000 jobs over the next five years.
The latest pledge came as it reported an 11% rise in underlying profits to £356.5 million for the year to February 28.
Having created 3,000 UK jobs over the financial year, it announced new targets which will see it grow Premier Inn by 45% to around 75,000 rooms and double coffee chain Costa's sales to around £2 billion.
The hotel and restaurant group also own Beefeater and Brewers Fayre restaurants.
The chief executive of EEF, the manufacturers' organisation, said the Budget statement "still feels like a job half done" despite containing "some helpful measures on business taxation and some signs of re-prioritising spending for growth".
"The Chancellor had over £11 billion of under-spending in his arsenal and should have done more to drive growth now, particularly through accelerating investment in infrastructure", Terry Scuoler said.
Airline groups say they are disappointed that the Chancellor put "beer before aviation" by making no changes to the air passenger duty airport departure tax. It's due to rise again next month.
Dale Keller, Chief Executive of airline group BAR UK, said: "Just because the industry was fully expecting a slap in the face from the Treasury does not make it any more palatable. It's beyond belief that the Chancellor has put beer before aviation."
The Treasury says that 450,000 businesses will now pay no national insurance contributions at all.
I don't know how this is going to go down with the public, but I suspect it will be very popular with George Osborne's party.
– Institute of Directors
We applaud this budget. The Chancellor has stuck to his guns and held his nerve - which is exactly what we wanted to see. Deficit reduction is not an optional policy, it is an absolute necessity, and he is right to reject the siren calls to abandon it.
Businesses will be glad that George Osborne has also continued the downward pressure on Corporation Tax. Britain must become the most competitive place to do business, and lower taxes will attract welcome investment from abroad.
The Federation of Small Businesses (FSB) said Chancellor George Osborne has "pulled out all the stops" with a "wide-ranging package" of measures to support small businesses.
National chairman of the FSB John Walker said, "The housing initiative will help reinvigorate the construction sector in which many of our members operate".
"National Insurance cut goes beyond what we were asking for and we are pleased to see the scrapping of the 3p fuel duty due in September", he added.
- 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
Money from changes to the pension system will be used to cut national insurance bills for small firms - they won't pay anything under £2,000.
Right now, firms pay roughly £500 a year for each employee on minimum wage in terms of national insurance.
These businesses will be pleased.
Corporation tax will go down to 20p by 2015 - that will be very welcomed.
It is not entirely unexpected but it will be popular with business. It does not sound like there will be any action on business rates though.
Remember that businesses pay more than twice as much in other taxes than they do in corporation tax.
The problem is that Infrastructure money, childcare support and corporation tax are all measures coming in after 2015. Those clamouring for action now will not be happy.
Steven Bruck, a partner at Blick Rothenberg Chartered Accountants, says: "Corporation Tax will come down one per cent from April 2015.
"For the first time in many years there will be a single rate of Corporation Tax at an internationally competitive rate of 20 per cent. This is very good for business and as an encouragement for inward investment in the UK."