As pre-election fever hots up among the party leaders, take a cold hard look at the future. We could be in line for 'painful' tax rises, says one influential think tank.

As expected, the Conservatives want to encourage greater personal and local responsibility rather than more central government. But David Cameron seized the advantage in the publicity war by promising to postpone Labour's proposed National Insurance 1p increase for employers and workers earning less than £35,000. In addition, in terms of SMEs, the Conservatives have plans to:
As we're going to see the first ever live TV debate between the leaders of the three main political parties tonight, I thought I'd do a quick run-down of how their proposals would affect small businesses.

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