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The start point for the best source of fleet information |
Chancellor Alistair Darling is expected to reveal a host of measures to stimulate the economy in this afternoon's pre-Budget statement, including a cut in VAT to 15% from the current 17.5%.
However, according to national newspaper reports the Chancellor's VAT cut may only be a temporary move until the financial crisis abates.
Darling is also expected to announce a new higher rate of income tax at 45% for those earning more than £150,000.
BusinessCar will be publishing all the latest company car-related news from the 2008 pre-Budget report, together with the headline economic announcements on our pre-Budget microsite.
Check back at 3.30pm for regular updates.
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