The government should resist any temptation to axe the ‘time to pay’ scheme that allows businesses to defer their tax payments.

No government department budgets should be firewalled against spending cuts, the British Chambers of Commerce (BCC) has argued.

The emergency Budget will be delivered at 12.30pm on Tuesday 22 June.

The Conservative-Liberal Democrat government’s emergency Budget, set for 22 June, is likely to herald several tax changes.

The Chancellor must temper measures aimed at reducing the deficit in the public finances with plans to help businesses innovate, grow and employ, the Federation of Small Businesses (FSB) has said.

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