While the chancellor failed to mention the winding down of the Business Growth Service and its initiatives such as Growth Accelerator in his speech or subsequent full Autumn Statement and Spending Review documentation, it has now emerged that it will go as part of wider cuts to the Department for Business, Innovation & Skills (BIS).
I’m not sure if the chancellor is a British Bake Off fan, or can whip a mean carrot cake in the kitchen, but when it comes to the economy he used all the ingredients at his disposal to create an Autumn Statement cake that will taste incredibly sweet for so many people.
George Osborne's Autumn Statement on 25 November once again focussed on the ‘march of the makers’, but what about the nation’s creators working in the £76.9bn creative economy?
As the dust settles on the chancellor's Autumn Statement and Spending Review speech, it's fair to say that he didn't really give us business leaders much to look forward to over the festive period.
During the 2015 Autumn Statement, it was announced by George Osborne that the government is introducing a penalty fee of 60 per cent of tax due for General Anti-Abuse Rule (GAAR) as part of the Spending Review.
If you don't have the time or patience to trawl through the full Autumn Statement and Spending Review document, Real Business has summarised all of chancellor George Osborne's salient points for your reading pleasure.
Chancellor George Osborne's Autumn Statement will see the Department for Business, Innovation & Skills' (BIS) budget cut by 17 per cent.
George Osborne revealed during the Autumn Statement 2015 that he will enforce an apprenticeship levy by April 2017 as part of the Spending Review in order to create three million apprenticeships – all of which will be “high quality” as overseen by a body led by business secretary Sajid Javid.
George Osborne's 2015 Autumn Statement has closed and he revealed during the Spending Review that the UK's small businesses and self-employed individuals will possess digital tax accounts by the end of the decade, which comes as part of a £1.3bn HMRC reform for the government.
In his first Autumn Statement as the chancellor of a majority Conservative government, George Osborne also unveiled the party's latest Spending Review and sought to explain where investment and cuts would be made in 2016.
Just over a week before the first Autumn Statement address for the new Conservative government, industry body the Institute for Chartered Accountants in England and Wales (ICAEW) has called for no new introductions which will impact business.