End to stamp duty relief is 'biggest shock'
Businesses will foot the bill for "pre-election giveaways," according to business and finance adviser Grant Thornton.
The abolition of the Stamp Duty Land Tax disadvantaged areas relief with effect from 16 March is expected to generate £340m in 2005/06.
The Treasury announced that the relief will be replaced by a new Local Enterprise Growth Initiative, worth £150m per year by 2008/09, to "boost enterprise in the most deprived areas of England".
Grant Thornton said i