THE Chancellor has been urged to deliver a blueprint for innovation and investment in next Wednesday's (April 17) Budget and Spending Review.
That's the call being supported by Bolton and Bury Chamber. The BCC recommends: raising the first year capital allowance limit for small and medium-sized enterprises (SMEs) to 100 per cent, putting the 100 per cent capital allowance for SME spending on ICT on a permanent footing and making the costs of raising equity tax deductible.
On innovation, it urges Government to write off a proportion of loans for science students who sustain careers in manufacturing or science-related industries.
On taxes, the BCC believes the Government should take a broadly neutral fiscal stance. It suggests that to cut personal taxes now would stoke inflation and to raise them would risk curbing spending.
BCC also calls on the Chancellor to tackle regulations on business and address the poor levels of skills and training in Britain.
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