The Federation of Small Business (FSB) has responded to the announcements made in Chancellor George Osborne's Budget speech on March 16, 2016. Mike Cherry, policy director at the FSB, said:\r\n\r\n\u201cIn a Budget constrained by both the need to reduce the deficit and the economic outlook, the Chancellor has listened to our calls for the tax system to be made simpler for small businesses and the self-employed and taken important action on business rates.\r\n\r\n\u201cIn particular, FSB members have campaigned hard to make Small Business Rates Relief permanent, and expand it \u2013 and the Chancellor has heeded our calls, taking many small firms out of the system altogether. The combined measures announced on business rates \u2013 the single biggest tax cut in today\u2019s Budget - will be viewed by our members as a welcome and important step on the road to fundamental reform. In addition, online retailers will benefit from steps to secure a level playing field for smaller online businesses on VAT.\r\n\r\n\u201cFreezing fuel duty will be universally welcomed by small businesses right across the country.\r\n\r\n\u201cFurthermore, the new devolution deals, alongside increased investment in roads, rail, and flood defences, should give a much needed boost to the UK\u2019s infrastructure. Altogether, these measures should help to drive productivity and boost small business confidence levels, which have faltered recently in the face of a number of domestic policy and global economic challenges.\u201d\r\n\r\nFor more information go to\u00a0www.fsb.org.uk.