Bad news comes late, early news is good. We should be worried therefore that there is talk of delaying the UK Budget until April.
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Eager retailers would have introduced the Vat cut immediately – not complained about having only a week to work out how to do it. Don’t they know a sales aid when they see one?
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If there is any doubt about the size of the financial problem, look at the scale of the solution. Britain is undergoing its most radical economic change since the second world war.
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