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464 – The emergency Budget: bad, badder, or not quite as scary as you thought?

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23 June 2010

Peter Edney, accountant

Peter Edney: time to adjust to the changes

Business Car Manager: Editor’s Blog

WHAT did you and your business make of the emergency Budget?

Not quite as bad as you thought? We’d certainly been well softened up beforehand to expect something truly horrible. Something that, with stoic fortitude, we’d all have to take on the chin – for the benefit of the nation.

But was it that bad? Was it quite as grim as we’d been led to expect?

It was certainly the topic of conversation first thing in the Business Car Manager office over a cup of coffee with landlord Peter Edney, a chartered accountant.

Our combined reaction was this: no, it wasn’t.

“The thing about this Budget,” explained Peter, “is that we are being given a long time to adjust to the changes before they come in. OK, so VAT’s going up and I’m sure a lot of people will bring forward expenditure to avoid paying the extra. But it goes up in January 2011

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Ralph Morton

Ralph Morton

Ralph Morton is an award-winning journalist and the founder of Business Car Manager (now renamed Business Motoring). Ralph writes extensively about the car and van leasing industry as well as wider fleet and company car issues. A former editor of What Car?, Ralph is a vastly experienced writer and editor and has been writing about the automotive sector for over 35 years.

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