The main capital allowance rate for businesses is set to be doubled to 40% to encourage firms to bring forward investment.
While Alistair Darling emphasised that "getting credit flowing again is the essential precondition to economic recovery," his plans to double capital allowances for businesses – although welcomed – could do little to help small firms.
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Political strategy needed to show that Britain is still great for business, says Richard Thomas
"Out of one side of his mouth, Gordon Brown is saying he will make Britain an attractive place to invest, but out of the other he is clobbering higher earners with 50%, which sends out the opposite message.