Rate Supplement 'Could Cripple Region's Economy' ; South Devon's Economy Could Be Crippled by the Chancellor's New Business Rate Supplement, According to Business Leaders.

Summary

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South Devon's economy could be crippled by the Chancellor's new business rate supplement, according to business leaders.

In yesterday's pre-budget for the next three years, Chancellor Alistair Darling set out plans for a service charge-style supplement.

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Extract

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Rate Supplement 'Could Cripple Region's Economy' ; South Devon's Economy Could Be Crippled by the Chancellor's New Business Rate Supplement, According to Business Leaders.

But business leaders in South Devon said it is yet another tax hitting the smaller companies where they can least afford it.

Ian Handford, spokesman for Torbay small businesses and former national chairman of...

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