BusinessCompany NewsBudget tax rises to come in next year

Budget tax rises to come in next year

Virtually all of the £5bn plus tax increases Gordon Brown is set to unveil in Wednesday's Budget will not come into effect for 12 months.

The annual tax rises are expected to be implemented from next April ? to coincide with the beginning of the three-year spending round, which will raise NHS spending above inflation.

Elsewhere, according to reports, the chancellor is expected to freeze fuel duty for a second successive year due to the volatility of oil prices. However, National Insurance is seen by many as the favourite target for tax increases.

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