Brown robs Peter to pay Paul

Professional Adviser
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Chancellor Gordon Brown looks set to announce business tax cuts in the Budget later this year, but w...

Chancellor Gordon Brown looks set to announce business tax cuts in the Budget later this year, but will raise taxes in other areas, including possibly scrapping VAT exemption on food. The news comes through today's The Times, which points out that the chancellor is keen to educate young people about entrepreneurship, to the extent that it could become a compulsory subject in schools across the country. The paper admits that unions are unlikely to be impressed with the new sop to the business community, but with the City drawing a line in the sand over public-private partnerships...

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