UK PRE-BUDGET REPORT OUT 24.11.2008
Alistair Darling, The Chancellor releases his PBR tomorrow and is expected inter alia to include a rate cut in VAT down from 17.5% to possibly 15%. KPMG on their website http://www.kpmg.co.uk/budget/ have predictions in the main areas of employee issues and corporate, indirect and personal taxes.
The drive is to encourage spending by reducing the total outlay on consumers and taxation on small to medium businesses, the approach was unthinkable a few months ago and shows how innovative the Brown government is.
Lets wait and see, and noting Browns growing influence on the world financial stage it may create a new age in approaches to recession correction approaches.
Other authoritative sources could be:
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