Chancellor urged to use his last Budget to aid companies
The Chancellor is being urged to use his last Budget before the general election to boost medium-sized companies, as well as extending free childcare.
The CBI said medium-sized firms were the "backbone" of the UK economy and should be helped. In its submission ahead of the March 18 Budget, the group called for a series of measures including simplifying the tax system and incentives to encourage research and development.
Free childcare should also be extended to one and two-year-olds, according to the CBI.
Director general John Cridland said: "Although the economic recovery is well-rooted and bearing fruit, we still need a Budget that locks-in the successes from this Parliament and spends funds wisely on those areas which will keep growth on track. This is a good opportunity for the Chancellor to support growth and investment well beyond the election, providing stability, certainty and simplicity for the UK's Mittelstand (smaller firms in Germany) to get themselves on the front foot.