FSB calls for pro-enterprise Budget The Federation of Small Businesses is calling on Chancellor Jeremy Hunt to reverse planned changes to investment tax incentives in his Spring Budget. The Government is set to reduce the generosity of R&D tax reliefs for small businesses from April. In a letter to Mr Hunt, the FSB called for a "pro-enterprise, pro-education, and pro-employment agenda" which must include measures such as increasing a threshold at which small businesses start paying business rates, paid for by charging large businesses occupying the most valuable properties more. "Small businesses have played a crucial role in leading economic recovery after turmoil," the FSB said, but confidence is at the lowest level on record outside of Covid lockdowns.