PPA Welcomes Chancellor’s Decision

The Periodical Publishers Association welcomed today’s decision by Norman Lamont not to add 17.5% VAT to magazines and newspapers. A spokeswoman for the Association believes that the Government heeded its warning not to jeopardize the publishing industry, realising the devastating effect it would have on jobs within the sector.

The Newspaper Society, the association of the regional and local press, expressed “enormous relief” following the budget speech. The Society’s director Dugal Nisbet-Smith comments; “The Society (therefore) led an industry-wide campaign, the success of which we are delighted to have had confirmed today”.