Gavin Shuker
Main Page: Gavin Shuker (Independent - Luton South)Department Debates - View all Gavin Shuker's debates with the HM Treasury
(12 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
Small businesses are, of course, the engine of job creation in our country. As I have said, 500,000 new jobs have been created in the private sector over the last year. That is the second highest rate of job creation in the G7. As for specific help for small businesses, we avoided the increase in small business taxation that the Labour party included in its last Budget.
Mr Osborne
The hon. Gentleman shakes his head. He obviously did not know that there was to be an increase in small business taxation. We have cut it.
We have also introduced support for the exports of small business. A central part of the strategy developed by Stephen Green as trade Minister is helping small businesses to export. I have already mentioned the Merlin lending agreements with banks, which are beginning to bring about an increase in lending to businesses that simply was not happening last year.