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The government has set out plans for extra investment in the UK’s business and industrial future.

The government could fail to raise the amounts of money it anticipates following the Chancellor’s decision to introduce a new 45 per cent top income tax band, it has been claimed.

It is thought that the Chancellor may use the Budget to announce that last year’s temporary cut in stamp duty will be extended for a further three months.

The British Chambers of Commerce (BCC) has argued that the Budget needs to focus on giving private sector businesses the freedom and flexibility needed to pull the economy out of recession.

When Alistair Darling stands up in the House of Commons on 22 April, he will be delivering his Budget speech against the backdrop of one of the worst post-war recessions, if not the worst.

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