Online presence boosts companies, survey finds

Two-thirds of online businesses questioned said they were optimistic about their growth prospects for the coming yearCompanies with a strong online presence are performing substantially better than the overall economy despite the current difficult consumer environment.In a survey of more than 300 online businesses conducted for Barclays, the average business reported 11.4% compound annual growth […]
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Complexity of parliamentary legislation ‘undermining the rule of law’

Cabinet Office chief calls for laws to be simplified in digital age so that lay citizens are not baffled when they access themParliamentary legislation is excessively complex and its confusions undermine the rule of law, according to the official in charge of drafting government statutes.In a report published on Tuesday, Richard Heaton, permanent secretary at […]
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Small businesses get £300m bank boost

BCC urges government to ‘think bigger’ as Vince Cable announces first tranche of £1bn business bank investmentThe government has launched the first phase of its business bank, announcing that £300m will be invested in the venture.The money will be the first slice of £1bn of new capital, with the aim of boosting smaller firms struggling […]
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Budget 2013: 450,000 small firms exempt from national insurance

George Osborne introduced a £2,000 employment allowance, which allows a third of all employers paying ‘no jobs tax at all’Up to 450,000 small businesses will no longer pay national insurance contributions from next year, the chancellor claimed on Wednesday in what he described as “the largest tax cut in the budget”.But even as George Osborne […]
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Manufacturers and science firms get £1.1bn research and development boost

Tax relief on R&D spending raised after George Osborne says research ‘absolutely central to Britain’s economic future’The government has increased research and development tax relief in a boost to UK-based manufacturers and science companies.In his budget speech George Osborne said research and development was “absolutely central to Britain’s economic future” and raised the relief from […]
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Budget 2013: corporation tax to be cut to 20%

Osborne says ‘Britain is open for business’ with new rate one of lowest in western world, below Luxembourg’s 21%Britain will have one of the lowest corporation tax rates in the western world from 2015 as the chancellor attempts to woo businesses to the UK.The cut to 20% is the third in a row by George […]
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Budget 2013: corporation tax to be cut to 20%

Osborne says ‘Britain is open for business’ with new rate one of lowest in western world, below Luxembourg’s 21%Britain will have one of the lowest corporation tax rates in the western world from 2015 as the chancellor attempts to woo businesses to the UK.The cut to 20% is the third in a row by George […]
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BP asks judge to halt ‘fictitious’ and ‘absurd’ Deepwater oil spill payouts

Oil giant asks New Orleans judge to temporarily halt payouts and says it could be ‘irreparably harmed’ by billions in costsBP launched its promised appeal against “fictitious” and “absurd” oil spill compensation payouts on Friday and asked a judge to temporarily halt those made on a so-called business economic loss basis.In a New Orleans court […]
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Cut business taxes, George Osborne, and businesses will repay us all | Kwasi Kwarteng

The chancellor has few options in his upcoming budget but easing the burdens on business is the best route back to growthIn just over two weeks, the chancellor will stand at the despatch box to give his fourth budget speech. He, like the British economy, faces a challenging task. Growth remains slow as the economy […]
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Cut business taxes, George Osborne, and businesses will repay us all | Kwasi Kwarteng

The chancellor has few options in his upcoming budget but easing the burdens on business is the best route back to growthIn just over two weeks, the chancellor will stand at the despatch box to give his fourth budget speech. He, like the British economy, faces a challenging task. Growth remains slow as the economy […]
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