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Question by:
Damian Hockney
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Meeting date:
21 June 2006
If you look, for example, at the latest sort of value added tax (VAT) registrations and de-registrations; we pointed out a year ago that in central London, the disparity between closures and start-ups had narrowed and had gone the wrong way. Now it has happened, for the first time in a decade, across the whole of London where the number of closures has exceeded. One of the main reasons given is excess taxation, difficulties of doing business in the city. You made the point yourself about there being a point at which people and businesses cannot take any more taxation...