Pre-Budget Report 2008 – Analysis - Horwath Clark Whitehill

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Added by CroweClarkWhitehill, 5 years ago

Location: Manchester
Alistair Darling has taken a huge gamble to limit the effect of possibly the worst
recession since the 1930s, with everything to be scraped back after the next election.
Clearly the tax breaks and benefit increases, apart from the temporary VAT rate
reduction, are targeted at those on the lowest incomes in the hope that they will
spend the money immediately rather than put it in the bank. Businesses have not been
forgotten with a reduction in the expected rate of corporation tax for small companies
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