Industry reaction to the Emergency Budget
The economic and business measures announced in Chancellor George Osborne's first Budget have sparked mixed reaction from small business representatives.
The standard rate of VAT will increase to 20% from 4 January 2011. Ken Parsons, chief executive of the Rural Shops Alliance, criticised the Government's timing. Meanwhile, the increase in the Capital Gains Tax (CGT) rate to 28% is not as high as some feared.
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