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CAROL CHLEBOUN, tax director of PricewaterhouseCoopers LLP, in Newcastle, said: "This year's Budget should concentrate on improving the tax system, with no sweeping changes and an aim for no surprises."

She doubted there would be an overt increase in VAT or National Insurance contributions.

She said: "Even if there is a bit of a gap in the public finances, an overt tax rise seems unlikely. Reversing any of last year's income tax changes is similarly a rank outsider."

However income tax thresholds rising in line with inflation seemed likely.

Ms Chleboun believes environmental measures, such as formal study of "pay as you throw"

domestic waste options and incentives for green energy seem likely, with lower VAT on low-energy lightbulbs or other environmentally friendly products a possibility.

However a levy on plastic bags seems less likely.

There may be some concessions to help low-paid people, who face significant Capital Gains Tax increases.

It is likely that company car mileage rates would be reformed to favour green cars.

Ms Chleboun said Excise duties on alcohol were also very likely to increase.

10:15am Wednesday 12th March 2008

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