Chancellor rides to the rescue of business?

or does he?

Widely touted and leaked package to "kick start the economy". From a quick glance it looks like the best news for smaller business is the delay to the increase in the corporation tax and a promise to allow us to spread tax payments to help cashflow, not sure what the second one means but the phone lines to the Revenue will already be red hot and I wonder if a certain Revenue employee will now hold off on action against a client struggling to pay PAYE?

The VAT adjustment won't help too many b2b service companies as it is just a pass through except for things like entertainment and car purchases where it can't be reclaimed. I guess it may help the retail sector to subsidise their discounts.

Watch out for the government's favourite stealth tax - National Insurance - will be going up for employers and employees from 2011. Don't bet against VAT following once it gets back to 17.5%.

The Chancellor says that the economy will recover in early 2010 - will it?

We are still getting very mixed messages some members are still seeing good business and in fact 3 recently reported October as their best months of the year.

Will it make much difference to you? What are the best bits?