"There are some positive measures in today's speech to help reduce the costs of doing business.
"With fuel duty frozen, £1,000 rebate on business rates and a subsidy on employing young people, there are measures worth thousands to small businesses. Within a time of constrained budgets, it's good to see the Chancellor has listened to the concerns of small businesses around rising costs.
"Of course there are other issues not addressed directly today, but upon which work is ongoing. Top amongst these is energy prices. We are working hard to ensure members benefit from any reining back of green taxation."
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