Chancellor: I have decided not to fully..........>

UK: Chancellor: I have decided not to fully abolish Entrepreneurs' Relief today.

Instead, I will do what the Federation of Small Businesses called "a sensible

reform" and reduce the lifetime limit from gbp10m to gbp1m. 80% of small

business owners are unaffected by today's changes. Those reforms save gbp6bn

over the next five years - and I'm giving most of that money straight back to

business through three additional measures. The Research and Development

Expenditure credit will be increased from 12 to 13% - a tax cut worth gbp2,400

on a typical R&D claim. The Structures and Buildings Allowance will be increased

from 2 to 3%, giving an extra gbp100,000 of relief if you're investing in a

building worth gbp10m. And, to cut taxes on employment, I will deliver our

promise to increase the Employment Allowance by a third to gbp4,000.