What did the Queen’s speech say for small businesses?

The National Insurance Contributions Bill

Announced in the budget, the bill introduces a £2,000 Employment
Allowance for all businesses and charities in the hopes of boosting
employment. This is huge news for a lot of small businesses around
the country, especially start-ups looking to take on their first
employees.

The Deregulation Bill

The coalition has lauded the importance of deregulation for
years, but this bill is the first tangible evidence of their
intentions being met by actions that will benefit small businesses.
You can read more about the exact changes included in the bill here.

The Intellectual Property Bill

With some critics claiming patenting intellectual property is
becoming an outdated idea, the Government is aiming to make the
bill more relevant to modern businesses, reenergising the desire to
protect intellectual property

The Consumer Bill of Rights

This is designed to tighten up consumer protection alongside the
Consumer Rights Directive, which is being implemented with heavy
influence from Europe. The latter creates a single consumer rights
regime for online trade across national borders

HS2 railway line

Multiple bills were included to pave the way for development of
the high speed rail line. This was used to signal the coalition’s
ongoing dedication to the idea, but did also put in place specifics
for the line’s route and timing of the construction.

 

via Small business advice from Smarta http://www.smarta.com/blog/2013/5/what-did-the-queen%E2%80%99s-speech-say-for-small-businesses

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About cashflowkiller

Hi! I’m James and am passionate about my small businesses. A strong cashflow is vital for us so I will be curating the latest on cashflow and business news.

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