cars are becoming more popular by both private and business buyers and low emission diesel cars are becoming the norm as company vehicles. These two changes have had a significant effect on MG-Rover. The company built the Rover 75 to fit the new company taxation system but its smaller vehicles (a significantly growing market) are over 10 years old and uncompetitive in the market place hence adding to declining sales.
             VAT was last increased in the UK in 1991 under the Tory Government from 15% to 17.5%, which is outside our ten-year analysis. However if the UK considers joining the single currency it is likely that VAT will rise to European levels of around 19%. Further increases in VAT would damage levels of demand in the economy and further add to the woes of
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