FSB 'encouraged' by Chancellor's plans for small businesses

We welcome today’s statement and we are encouraged by the Chancellors’ acknowledgement that small businesses need more help. We accept that bold actions are needed to boost the economy and we hope we are on the right road to helping small firms.

The Chancellor has listened to many of our members’ concerns, and has put forward proposals to address these issues - notably around capital allowances, more encouragement for investors to place funding in small businesses, and cancelling the 3p rise in fuel duty.

We now eagerly await further details on the small business bank which we have long seen playing a central role in opening up finance for small firms.

– John Walker, National Chairman of the Federation of Small Businesses

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UK credit rating 'at risk'

The credit rating agency Fitch has warned that the Chancellor's confession during the Autumn Statement that he missed its debt target could threaten the UK's AAA rating. But George Osborne has downplayed the impact potential if that happened.