A strong and thriving business community is the only way to ensure a strong and thriving economy. The Government have a record of achievement in developing the tax system in ways which improve competitiveness, sharpen incentives, simplify administration and encourage the small and medium-sized businesses which are so important to the future development of the economy.
I should like to announce a package of measures today which will add further to the strength of British industry. Decisions on many of the measures that I shall be announcing today have been informed by the industrial finance initiative undertaken last year by my hon. Friend the Minister of State, Treasury and my right hon. Friend the Financial Secretary and his predecessor.