Chancellor launches Small Business Saturday

Chancellor launches Small Business Saturday

Assessment

Interactive Video

Business

University

Hard

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The video discusses concerns of small businesses regarding rising overheads, wages, and National Insurance contributions. It highlights changes in the budget, including increased employment allowance and extended business rates relief for retail, hospitality, and leisure sectors. The speaker emphasizes the importance of these changes for small businesses and the need for economic stability. An impact assessment for the hospitality sector is also mentioned.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns do small businesses have regarding the budget changes?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How will the changes to National Insurance affect the smallest businesses?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures have been taken to support retail, hospitality, and leisure businesses?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges have smaller businesses faced in recent years according to the text?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the employment allowance for small businesses?

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