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Government stole £300 million from the small business budget

It has been revealed that £300 million has been taken from the regional development agency fund budgets for 2009/10 and 2010/11 to pay for a big headline grabbing housing initiative. As we mentioned in our earlier article, the banks have increased finance charges for many smaller companies, the government has redirected £300 million which should have been going their way and small businesses in the UK are being hung out to dry.

Yet again we are seeing the government supporting the small business sector in the popular press but when it comes down to cold hard cash they are actually taking away money rather than assisting. This is an issue which is sure to be brought up in Parliament as the small businesses of today are the larger businesses of tomorrow.

Let us not forget that those who run small business are also tax payers and while they desperately need help they are being robbed to pay for other 'more important' issues. How is it that the government can find hundreds of billions of pounds to try and save the economy but it cannot find any time, let alone money, to help the small business sector?

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