Chancellor prepares to cut 50p rate - Today's small business news roundup

  • By Josh Hall
  • 16 March 2012
Chancellor prepares to cut 50p rate - Today's small business news roundup

Tax cuts, funding gaps, and R&D concerns - here's your need-to-know business news roundup.


The government is preparing to cut the 50p tax rate according to the Guardian.

The move is likely to cause anger at a time of deepening austerity. [Guardian]

There could be a business funding gap of £190 billion in the next five years.

This is according to a new government-appointed committee which is calling for the establishment of a single agency to deal with all small business support programmes. [BBC]

Just 20 per cent of small firms intend to invest in R&D during 2012 according to new figures.

A survey from RSM Tenon found entrepreneurs are unable or unwilling to invest despite increased tax relief. [Telegraph]

Read more about: Tax and finance , General business , Business finance