Siobhan Mail, Director of Newport-headquartered Seer Green Financial Planning said; “Back in the summer Osborne promised “bold measures” to restore growth.

“With the worsening situation in the Eurozone, combined with the UK productivity slump, it is widely speculated that there will be several measures to stimulate economic growth, including additional credit easing to “get the economy moving”, and to help stimulate long-term investment in small businesses and enterprise.

“We’d also expect some cuts in business tax; although mainstream corporate tax rates are already set to reduce through to 2014, it is possible that Osborne will announce further cuts to the small companies’ rate. We’d also like to see further reforms such as less regulation for small companies, improvements to the planning system and lower taxes for entrepreneurs.

“We expect personal tax rates to remain; Osborne has already ruled out temporary tax cuts for UK workers and families, but will this year be the year that Osborne scraps the “temporary” 50% income tax rate?

“Overall that given the unrest in other parts of the world, we’d like to hope that Osbourne will prioritise stimulating growth within our home economies, and starting this by helping local / small business owners, who can then look to grow their workforce.

“Back in the summer, Chancellor George Osborne promised “bold measures” to restore growth. With the worsening situation in the Eurozone, combined with the UK productivity slump, we believe there should be several measures to stimulate economic growth, including the introduction of credit easing measures designed to “get the economy moving” by injecting money directly into parts of the economy that need it such as small businesses. The aim will be to stimulate long-term investment in small business and enterprise.

“Business tax cuts are another policy he should pursue. Mainstream corporate tax rates are already set to reduce through to 2014, but it’s possible the Chancellor will announce cuts to the small companies rate. Further reforms are expected including less regulation for small companies, welfare reform, improvements to the planning system and lower taxes for entrepreneurs.

“The Chancellor has already ruled out temporary tax cuts for UK workers and families, but will this year be the year that he scraps the “temporary” 50% income tax rate?

“It seems like we’re still in for a “rocky ride” with the state of the UK and wider economies. I would like to hope that Mr Osborne will be focusing on stimulating growth within our home economies as a priority and starting this by helping the local / small business owner who in turn can then help and support his employees.”

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