Budget Resolutions and Economic Situation

Part of the debate – in the House of Commons at 5:42 pm on 14th April 2003.

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Photo of Roger Williams Roger Williams Liberal Democrat, Brecon and Radnorshire 5:42 pm, 14th April 2003

Many small businesses are owned by sole traders or small partnerships, so any reduction in corporation tax passes them by. The major hurdle is often employing the first person because of all the administration that goes with running the pay-as-you-earn system. Could the Government do something to subsidise or help people who take the first step toward expansion?