Published Date:
25 November 2008
By Rhona Irving
CHRISTMAS is coming and tax is being cut? Prime Minister Gordon Brown has turned to old adages in the run up to the Pre-Budget Report (Pre-Budget Report ), which was being heralded as a "stitch in time to save nine" for the UK economy – a shot in the arm when it needed it most.
Christmas is coming: well, that was certainly the intention for consumers and retailers alike with the cut in Vat rates from 17.5 per cent to 15 per cent – the lowest permitted within the constraints of European Union law.
The intention of short...
The full article contains 1063 words and appears in The Scotsman newspaper.
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Last Updated:
25 November 2008 12:24 AM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
Economic indicators
