• Half of business owners in Mil the UK transport
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and logistics industry believe tax cuts are vital for encouraging growth, according to the latest quarterly Close Brothers Business Barometer. It shows 50% of transport firms wanted a VAT cut in the last budget announcement, but the standard VAT rate remained at 20%. John Fawcett, MD of the transport division at Close Brothers Asset Finance, said: "Business owners are looking for measures that will stimulate growth and drive the economy forward."