Submitted on Friday 29th July 2011
Published on Friday 5th August 2011
Current status: Closed
Closed: Sunday 5th August 2012
CUT THE RATE OF VAT TO SAVE OUR BUSINESSES AND JOBS
We, the undersigned, petition our government to save our struggling British businesses and the jobs of those we employ by cutting the rate of VAT. Too many of UK's 4.2 million small to medium sized businesses (SMEs) are struggling to survive a desperately sluggish economic climate while being constantly battered by cost increases. Our reserves are depleted by years of recessional forces, many of us are now losing money. The rise in the rate of VAT is the last the last nail in our coffin - unless our government helps us by stimulating the economy.
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