Credit Crunch Threat to Snp's Tax

Summary


FIRST Minister Alex Salmond suffered another damaging blow last night after it emerged his plans to introduce a local income tax (LIT) have been plunged into chaos by the recession.

The Scottish Executive will need to find [pounds]500 million to fund the SNP's replacement for council tax.

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Credit Crunch Threat to Snp's Tax

But the downturn in the economy means there may...

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