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The government remains committed to consulting on policy as set out in ‘The new approach to tax policy making’ in 2010. Most measures proposed at a Budget will be subject to policy consultation in the spring and publication of draft legislation in the summer, before being legislated in the Finance Bill after the following Budget. To build on this and allow for an earlier stage of involvement on key strategic challenges, the Chancellor has said that he may launch consultations on how to address these longer-term issues at the Spring Statement.

We know how devastating flooding can be and our hearts go out to those affected. We urge people to check their flood risk on GOV.UK or call Floodline for advice on 0345 988 1188.

The MOD is keen to use this opportunity to reach out to all the members of our defence industry, from large defence suppliers to the smallest SME, and are interested to hear the views of non-traditional suppliers.

The government’s education reforms have raised standards and expanded opportunity with 1.4 million more children now in ‘good’ or ‘outstanding’ schools.

Further measures in today’s consultation include requiring banks to publish rates for small and medium-sized enterprise (SME) lending products and to develop tools to allow for easier comparison of SME banking products.