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But the 2009 PBR will be more significant than most; it is the last one before a general election and what Darling reads out today could count for or against Labour at the ballot box next year.

Set against this is the fact that Britain faces its worst public debt position ever and meanwhile the stubborn recession has dried up Treasury coffers, so he has almost nowhere to go in terms of providing money stimulus to businesses.

Analysts agree that taxes rises are a more likely scenario than cuts and hikes in VAT, income tax for high earners, capital gains tax or national insurance contributions all possible options for Darling.

Meanwhile, in an attempt to generate some good news for entrepreneurs he, together with the business secretary Lord Mandelson, has been in discussions with the banks over a new scheme to invest millions of pounds in small businesses.

We’ll have all the news and views covering today’s report, so stay tuned. In the meantime we’d love to hear your thoughts. What are your hopes, fears and suggestions? Use the comment button below to let us know.

Related articles:Darling to banks: ‘Invest in small firms’BCC calls for cuts across the board

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