Britain is open for business

I was impressed by George Osborne's speech to the CBI.

Positive measures to help business which he announced included reform of corporation tax.

"We will reform the corporate tax system by simplifying reliefs and allowances, and tackling avoidance, in order to reduce headline rates," he said.

"Our aim is to create the most competitive corporate tax regime in the G20, while protecting manufacturing industries".

For would-be entrepreneurs, he wanted the UK to be the easiest place in the world to start a business.

He added: "And I want to help new businesses by abolishing employers national insurance contributions on the first ten jobs they create."


With reference to personal income tax allowances, he said the long-term goal was to raise the allowance to £10,000, "with real terms steps in that direction every year".

Meanwhile Nick Clegg appears to be going forward to implement some of the promises common to both Conservative and Lib/DEm manifestoes to trim back the over-mighty state - from scrapping ID cards to dictatorial rules against peaceful protest which treated anyone with the temerity to criticise the last government like a terrorist.

I particularly liked the suggestion to "tell us what laws you want us to scrap" and I hope he gets a good response to this.

Comments

Jim said…
do you not think it would save a lot of time if we told Nick Clegg which of Labours laws we wanted to keep.

This would also be a prudent green measure as the list would be much shorter using much less paper!
12:22 pm
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