STOP PRESS: Budget brings good news for start-ups

The Chancellor of the Exchequer this week announced tax breaks in his budget which will benefit small PR firms and start-ups. Businesses making less than pounds 10,000 a year in taxable profits will pay a new corporation tax rate of 10 per cent - down from the previous 21 per cent. Gordon Brown also set up a new small business service offering loan guarantees and start-up advice. PRCA management board member, Richard Houghton, said: ’We all know our industry needs new consultancies to come up and drive change.’

The Chancellor of the Exchequer this week announced tax breaks in

his budget which will benefit small PR firms and start-ups. Businesses

making less than pounds 10,000 a year in taxable profits will pay a new

corporation tax rate of 10 per cent - down from the previous 21 per

cent. Gordon Brown also set up a new small business service offering

loan guarantees and start-up advice. PRCA management board member,

Richard Houghton, said: ’We all know our industry needs new

consultancies to come up and drive change.’



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