Wednesday, February 25, 2009

No New Taxes on Southampton Businesses

Last week Conservatives in Southampton pledged not to introduce a new Government tax on local businesses. At a meeting of business leaders on Thursday we ruled out the new Supplementary Business Rate which would have meant more than 700 Southampton businesses, pubs, restaurants and even local schools and colleges paying anything up to £190,000 a year more in tax.

The new Conservative run city council rejected the tax, calling in a stealth tax on business at the worst possible time. Our focus is on supporting local businesses, protecting and jobs and not unduly burdening companies who are struggling with the recession and who already are facing the Government's inflation busting 5% increase in business rates this year.

Click HERE for details of the story on the Daily Echo website.

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