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Budget Archive
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Uncertainty remains over inflation and interest rates
For people keeping a keen eye out for indications of how long interest rates might stay unchanged, there has been plenty to digest over the last week. The minutes from the Monetary Policy Committee’s (MPC) June meeting were published on Thursday and they revealed that, for first the first time since August 2008, one member, [...] -
“Tough but fair” budget aims to balance Britain’s books
In his first budget, the Chancellor, George Osborne, today unveiled a wide range of spending cuts and tax rises aimed at fixing Britain’s deficit within the next five years. The main headlines in what the Chancellor called a “progressive” and “unavoidable” budget include a rise in VAT from 17.5 per cent to 20 per cent [...] -
Budget 2010 Stamp Duty (part II)
Cutting stamp duty for first time buyers purchasing a property up to £250,000, is expected to cost the Treasury £520 million over the period of the waiver, and from next year those looking to buy at over £1 million will be helping to recoup that loss. From 6th April 2011 the rate of stamp duty [...]
