THE Federation of Small Businesses (FSB) said the Chancellor had delivered a budget for small businesses.

John Walker, FSB national chairman, said: “The FSB asked for a budget for small businesses and this is what has been delivered.

“The Chancellor has pulled out all the stops with a wide-ranging package of measures to support small firms. FSB says the housing initiative will help reinvigorate the construction sector in which many of our members operate and where confidence has been low.

“The national insurance contributions cut goes beyond what we were asking for and we are pleased to see the 3p fuel duty rise due in September completely scrapped.

“We now look forward to hearing details on how the Government intends to take forward the Business Bank that will help provide much-needed access to capital for small firms.”