On 20th March the Chancellor of the Exchequer MP George Osbourne delivered the much-awaited 2013 Budget. Perhaps more so than in previous years, the Budget has been awaited by the general public, as it was expected that in it the Government would outline a series of far-reaching measures created to provide support to individuals and businesses throughout the United Kingdom amid the prevalent climate of economic uncertainty. Although the original document covers a wide range of economic measures, this article will provide a comprehensive description of the changes that the 2013 Budget will bring about for small UK business owners and for employees across the country.

The 2013 Budget and small business owners: what to expect