The headline points for business were:
- Uniform business rates are to be abolished with elected Mayors allowed to raise rates under certain conditions
- Apprenticeship Levy set at 0.5% of employer wage bill, with £15,000 allowance for eligible firms.
- 26 new Enterprise Zones to be created
- BIS department funding to be cut by 17%
- Every small business to have their own digital tax account by the end of the decade
- Growth of 2.4% forecast for 2015, 2.4% for 2016 and 2.5%, 2.4% and 2.3% in subsequent years.
- Refocused export and investment promotion activity to support more exports and other business opportunities for British firms
- £13 billion investment on transport in the North over this Parliament, backing innovative businesses with a range of investments in world-class scientific research, and supporting further Northern Powerhouse trade missions to key emerging economies
- Corporation tax will fall to 18% by the end of the Parliament.
Click here to read the full document 'Spending Review and Autumn Statement 2015'
Tags: Devolution, Economy, Finance and Funding, Policy and Government, Business Support , Skills and Employment