Chancellor Addresses Cash Flow Problems For Small Business

Alistair Darling has announced a package of economic measures including offering credit to small businesses struggling with cash flow problems via a temporary finance scheme offering loans between £1,000 and £1m.

The government has also postponed the proposed 1p increase in small companies’ corporation tax.

Meanwhile, small and medium sized businesses are to be able to offset losses of up to £50,000 against profits made over the last three years, which Darling says will help around 90 per cent of struggling small businesses have their losses wiped out.

Firms are also being allowed to spread payments of their business taxes over a timetable they can afford.

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