According to the Newspaper Society, which has been making private soundings in the House of Commons, the majority of MPs are opposed to the imposition of VAT on newspapers.
Labour and the Liberal Democrats have already stated that they will reject any move to introduce VAT on reading matter; it now seems that they are supported by the Ulster Unionists and around 25 Conservative MPs.
A Price Waterhouse report on the effect for regional press of 17.5% VAT predicted a fall in sales of 1,000,000 and the closure of 245 papers around the country.
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