Written by Andrew Wilkin

The British Chambers of Commerce have some positive news for the UK economy, things in their opinion are recovering faster than they had predicted. The trouble is that in the same breath they also predict the precipice next year with the following to contend with:

  • VAT increase (and you'd be surprised what has VAT on it)
  • Fuel duty rise (which will drive up the cost of food too)
  • Interest rates to possibly increase to cater for inflation from the above
  • Large scale cuts in the public sector

For all intents and purposes, 2011 is unlikely to be happy new year for most...

 
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