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'Hotchpotch' Budget attacked

The Chancellor's Budget calculations have been questioned by the respected independent economic analysts, the Institute for Fiscal Studies.

It criticised the "hotchpotch" of reforms that it warned may fail to raise as much income as predicted.

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Rage over tax on empty properties

Liz Peace, chief executive of the British Property Federation, has complained about the Chancellor's decision to keep the empty property rate tax, which taxes empty properties at the same rate as occupied ones:

It is extremely disappointing that the Chancellor has ignored the calls fromsmall businesses, landlords and his own backbenchers to provide some relieffrom this regressive and negative tax, which is choking economic growth andpenalising those already suffering from the wider economic situation.

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