Budget to boost UK tonnage
BRITISH shipping has received another boost from its government. In his annual budget Chancellor Gordon Brown put a £5m- (US$9.56m) a-year price tag on earlier pledges to extend the tonnage tax system.
Mr Brown set the stage for a May general election with a wide ranging budget that included shipping in a series of fiscal measure to beef up UK productivity.
Shipping accountancy firm Moore Stephens said the 2005 budget delivered on...
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