Posted on 12th March 2020
This update on the budget on 11th March is provided courtesy of MHA Carpenter Box and is their briefing for SMEs.
The new Chancellor Rishi Sunak delivered his first Budget in the House of Commons on Wednesday 11thMarch.
There were a number of measures designed to provide financial assistance to businesses and deal with the effects of Coronavirus as well as announcements about significant investments in infrastructure projects.
The financial assistance included the following measures:
The notable tax changes for small businesses included the following:
"This association was started with a lot of effort from a few local businessmen and has proved to be a very powerful and useful tool for our business. The BHBPA has influence at the top level; when action is needed, the BHBPA gets it done. We are kept in touch with all that is happening on our doorstep and will often act because of what is published in the weekly emails / newsletters."
"As the local hospice for the area, it’s great that we receive so much support from the BHBPA. Last year the members raised an amazing £2150 through activities such as Bake Off and the BHBiz Awards. Each well planned members meeting enables good networking opportunities and speakers that are relevant to the present climate and local issues. We are proud to be members of BHBPA."
"If Carlsberg did networking they would do it the BHBPA way. Each event is packed with great ideas, thought provoking presentations and fun. As a small business we feel supported and part of the community. We have built friendships and business relationships and there is always plenty of advice on hand to benefit us all so don’t hesitate to join whatever the nature of your business. "
"“We have been members of BHBPA from its inception, and seen the organisation steadily grow and expand into the dynamic entity it is today, bringing positive benefits to all its members.""