Convenience stores disappointed by pre-Budget |
| Tuesday, 25 November 2008 | |
 Alistair Darling's pre-Budget failed to make a "radical difference" for retailers, even though some of the measures announced in it will be helpful, the Association of Convenience Stores (ACS) said today.Public affairs director Shane Brennan said increases in business rates planned for next year and the revaluation set for 2010 should both have been postponed. He commented: "We are also very concerned that far from keeping taxation on alcohol and tobacco at the same level, the Chancellor has increased the tax take in almost all cases. "For example this means that he has increased alcohol duty by 17% this year." The comments came as there was a mixed response to Darling's economic changes, from the British Retail Consortium and the Wine and Spirit Trade Association. But Brennan said the ACS welcomed the increased accessibility of more credit for businesses even though the planned increase in National Insurance will lead to "further pressure on wage bills". "We will be urging the Chancellor not to impair the recovering economy by placing disproportionate burdens on retail businesses," he said. Yesterday, Chancellor Darling revealed VAT will be cut from 17.5% to 15% from 1 December. He also said tax will be increased on fuel, tobacco and alcohol. Related Articles
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