AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,629 Increased By 103 (1.37%)
BR30 24,842 Increased By 192.5 (0.78%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)

 CARDIFF: The forthcoming British budget will be the most pro-growth for a generation, backing entrepreneurs and slashing business red tape, Prime Minister David Cameron said Sunday.

As he prepared to speak to his governing Conservative Party's spring conference in Cardiff, Cameron said the March 23 package would help Britain to hustle and earn its way in the world again.

The message comes amid criticism that the governing Conservative-Liberal Democrat coalition's plans for eliminating Britain's record deficit have focused too heavily on cutting public spending without a plan to kick-start the economy.

"In just over two weeks, our government is going to unveil the most pro-enterprise, pro-business budget for a generation," Cameron wrote in the News of the World newspaper.

"It's going to be a budget for the doers and the grafters, the builders and the businesswomen -- all those entrepreneurs who create jobs and money for the rest of us.

"We're cutting the business taxes and dealing with the nightmare of red tape and hold-ups that make life impossible for entrepreneurs."

He was to tell delegates: "We are taking on the enemies of enterprise."

These included government bureaucrats mired in rules and regulations, foot-dragging local authority officials and public sector procurement managers favouring big business over smaller firms.

He said a new Enterprise Allowance scheme would help people kick-start their business.

"If you've got an idea and want to start a business -- go for it. If you've got a business and want to grow -- tell us how we can help you," he wrote.

"Get a business plan together, and if it looks good, we will give you up to 2,000 pounds ($3,250, 2,330 euros) to get started."

Cameron added: "Think back over centuries of history and this country has always out-competed, out-hustled, out-innovated, out-enterprised our competitors. It's our generation's turn to show we can do the same."

His finance minister George Osborne said Saturday that his budget would set up "enterprise zones" across Britain to boost growth in run-down areas, saying they would be "centres for new businesses and new jobs where taxes will be even lower and more restrictions on growth removed."

He also hinted that a planned one-penny-above inflation rise in petrol tax might not go ahead, as the unrest in the Arab world pushes oil prices higher.

Copyright APP (Associated Press of Pakistan), 2011

Comments

Comments are closed.