Business and Job Creation

Part of Oral Answers to Questions — Treasury – in the House of Commons at 11:30 am on 11th December 2012.

Alert me about debates like this

Photo of George Osborne George Osborne The Chancellor of the Exchequer 11:30 am, 11th December 2012

Some 1.2 million private sector jobs have been created since the first quarter of 2010. Last year more new businesses were created than in any other year on record. In the autumn statement we took further steps to support job creation and business creation by reducing the corporation tax rate to 21%, extending the small business rate relief scheme to support 500,000 small businesses and increasing by tenfold the annual investment allowance to £250,000.