Gordon Brown has set the agenda for the current Parliament by launching the Treasury’s Enterprise for All document.
The Chancellor launched the document at a business breakfast held at 11 Downing Street, describing Enterprise for All‘s proposals as “radical measures to tackle our productivity gap and create in Britain a true enterprise culture”.
The document sets out a list of priorities, including an extension of the 10p bracket of corporation tax and targets for regional venture capital funds.
The venture capital funds, which will operate alongside Regional Development Agencies, will have spending targets ranging from £15m for the North East to £50m for London.
Enterprise for All also reaffirms the Government’s pledge to review planning, promising the “publication later this year of a Green Paper on Reform of the Planning System”.
The document also promises “radical reform of the UK’s competition regime”, and a new Capital Gains Tax that would be “more favourable to business than that of the US”.
Another priority on the list is a shake-up of the Department of Trade and Industry (DTI), which some critics think has been sidelined by the increasingly powerful Treasury. The review will start with an investigation into the DTI’s business support.
EGi News 19/06/01
