HOLIDAY LET TAX REPEAL - GOOD NEWS FOR CORNWALL SAYS GILBERT
July 1, 2010 12:00 AM
The Coalition Government have abandoned plans by the Labour Government that would have increased the tax payable on Furnished Holiday Lettings (FHL) and could have led to 4,500 job losses.
The announcement, which came in last week's budget, has been welcomed by St Austell & Newquay's Lib Dem MP, Stephen Gilbert.
Commenting, Mr Gilbert said:
"In areas like Cornwall, it is clear that Labour's planned tax hike would have hit hard and put additional pressure on jobs. The decision to scrap the FHL tax rules will provide the tourism industry in Cornwall with a real lift.
"The fact that the coalition Government has kept Labour's tax increase off the agenda despite the difficult economic circumstance underlines our commitment to boosting growth. This budget was always going to be challenging but despite the difficult circumstances it was important that we took the actions required to get the economy back on its feet.
"It is the private sector that will play the key role in securing the economic recovery and the measures announced last week will make it easier for businesses to create the jobs the UK needs."
What would you like to do next?
-
Subscribe for updates
Follow the party's activity on...
- Twitter:
- Liberal Democrats
- Facebook:
- Liberal Democrats
- YouTube:
- Liberal Democrats