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A fall in the number of insolvencies in the UK has led to reduced revenue at accountants Begbies Traynor.

George Osborne failed to deliver a Budget for small and medium-sized enterprises (SMEs) last week, according to one tax specialist.

Almost 150,000 firms in the UK are struggling financially, a new survey has revealed.

VAT is likely to go up to 20 per cent in the upcoming emergency Budget, a tax expert has warned.

The current easing in the rate of corporate insolvencies is no more than a temporary respite, with a “deluge” likely in 2010, according to a report from one of the UK’s top insolvency firms.

High earners are facing a swingeing new pensions blow, it has been claimed.

Tucked away in the Budget small print was further bad news for those earning £150,000 and above, according to Steve Bold, national tax partner at BTG Tax, part of the Begbies Traynor Group.

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