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 EEF comment on Conservative Tax proposals

Release date: 11/11/2008

Commenting on today's economic proposals by the Conservative Party, EEF Chief Economist, Steve Radley, said:

"At a time when we are facing a wave of job losses, proposals focused on helping people back into work are missing the mark. The number one issue for companies right now is the need to maintain cashflow.

Whilst the proposal to bring down the small company rate of corporation tax is helpful, funding this by removing support for investment is a further squeeze on cashflow. Given the speed of change we are witnessing we need far bolder measures which provide a real fiscal stimulus to the economy."

 
Notes for editors
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