Brown To Cut Vat As Winter Recession Bites - Congoo

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Brown to cut Vat as winter recession bites

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The Times | November 22, 2008

Cuts in Vat are to form a key plank of Gordon Browns emergency economic rescue package to be unveiled tomorrow. The temporary reduction in sales tax, currently at 17.5%, will be one of a range of measures designed to stimulate consumer spending. The Treasury refused to confirm the scale of the cut, ...

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