Brown reveals growth proposals
The chancellor has revealed some of the proposals that will be announced in his pre-Budget Report.
Speaking at the launch of the Social Investment Task Force’s report on revitalising Britain’s poorest communities this week, Brown said that in his pre-Budget report the government would propose how investment and venture capital could raise the rate of business creation and growth.
He said: ‘We are prepared to reward enterprise, for example through capital gains tax reform and small business tax incentives, to show that the entrepreneurial culture is open to all.’
The task force’s report set out how £1bn of private finance could be invested in the UK’s most deprived areas.