By John Walker on December 9, 2009
The UK Chancellor of the Exchequer, Alistair Darling, introduced a temporary lower rate of VAT in last year’s pre budget report.
There was some speculation that he might have extended this reduction beyond the original term. However, in today’s pre-budget report statement to the House of Commons, he said:
I can confirm that VAT will return to [...]
Posted in Procurement, Professional and Business Services, Sales, Taxation, UK, UK Budget | Tagged Alistair Darling, Chancellor of the Exchequer |
By John Walker on December 6, 2009
British Chambers of Commerce (BCC) Economic Forecast - December 2009
Ahead of the Chancellor’s Pre-Budget Report, the British Chambers of Commerce (BCC) has today published its latest Economic Forecast. The business group, which calls itself “the National Voice of Local Business”, has made downward revisions to its GDP expectations for 2009 and 2010, but is more [...]
Posted in Economic Cycles, Employment Levels, England, Forecasts, Lending and Borrowing, Political and Economic Philosophies, Public Spending and State Aid, Scotland, Taxation, UK Budget, Wales | Tagged British Chambers of Commerce (BCC), capital investment, double-dip recession, GDP, international credit rating, labour market, public spending cuts |
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