We, the undersigned, believe that the Right Honourable Alistair Darling MP, Chancellor of the Exchequer, is unduly burdening smaller businesses with extra taxes.

 

Small companies are the lifeblood of the UK economy and Changes to Capital Gains Tax announced in the Pre-Budget Report (October 2007) are a slap in the face for entrepreneurs who have invested time and effort, and taken considerable risks in setting up their own businesses.

 

Meanwhile, the prospect of Supplementary Business Rates, as set out in the Pre-Budget Report, is the thin end of the wedge of more taxation, raising revenue from firms to fund local authority projects.

 

We call upon Mr Darling to take action now to reverse his decision, and make the UK an attractive and competitive place to start up in business.

 

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