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Press watch: Autumn statement

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Saturday, 26 November 2011:

‘Telegraph Motoring argues that freezing fuel duty is not a “freebie” but an economic necessity .. Which is why we have launched our campaign to freeze fuel duty indefinitely, joining many politicians, the FairFuelUK pressure group and members of the public to argue against the injustice. It’s not enough if the Government agrees to postpone the 3p per litre January rise in fuel duty; they must call a halt to any further rises, and they must do so in their autumn statement on November 29.’

Daily Telegraph, 26 November 2011

‘The CBI wants the government to stick to its deficit plan and to attract more private sector investment. It also supports the Chancellor’s plans for credit easing [and] calls for a tax rebate for energy-intensive companies to protect them against the planned carbon floor price ... the introduction of capital allowances for infrastructure investment and an extension of R&D tax credits to non-profitable companies.

‘The Federation of Small Businesses wants an extension of the current NICs holiday and a cut in NICs for new employees aged 16-24.

‘The Institute of Directors wants the Chancellor to abolish the 50% income tax rate and reduce corporation tax to 15% by 2020.’

Financial Times, 26 November 2011

‘George Osborne is expected to announce a further increase in bank taxes next year as a way of fulfilling a pledge by the Deputy Prime Minister, Nick Clegg, on Friday that next week's autumn statement will see the rich bear the brunt of the economic crisis.’

The Guardian, 26 November 2011