- 39 updates
The all party Parliamentary Save the Pub Group has welcomed the scrapping of the beer duty escalator and a 1p reduction in beer duty. Greg Mulholland, the MP for Leeds North West and chair of the committee and said:
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.
Responding to the budget, Labour leader Ed Miliband said Britain would be "worse off in 2015 than it was in 2010".
Ending his statement, the Chancellor described the statement as a Budget for "a Britain that wants to be prosperous, solvent and free".
Steven Bruck, a partner at Blick Rothenberg Chartered Accountants, says: "Interestingly beer duty increases have been cancelled so that beer remains affordable. It's interesting to ask how this can be reconciled with the Prime Minister's wish to prevent cheap alcohol encouraging alcoholism."
The rise in personal allowance is being brought forward to 2014, meaning no income tax on the first £10,000 of earnings.
The 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 busineses - one third of all employers - will pay no employer National Insurance at all after introduction of Employment Allowance in April next year.
Chancellor George Osborne announces greater control for our region's cities and areas over their own economic destiny.
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.
Latest ITV News reports
Helen Hardwick from Gomersal reacts to the Budget 2013.
Helen Hardwick from Gomersal has three children, a dog and a rabbit so every penny counts. Is she worried about the budget?