Ernie Warrender, the UKIP small business spokesman welcomed the fact that the Chancellor has listened to the arguments against lowering the VAT threshold as “we have always felt the biggest impact of such a change would be on the Elderly, single parents, disabled who rely on small businesses to repair their car, fix a leak, carry out repairs and a 20%+ price hike on the small business satisfying this need would have been crippling on the ‘wrong’ type of households. We note, however he has left the door open to this change in 2 years time.
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