Government Announcements

It has been a matter of policy for the government to reverse plans of the previous administration to push up national insurance contributions by 1 per cent as from next April.

The Chancellor has acted on long-term coalition government plans to increase the personal income tax allowance to £10,000.

The Chancellor delivered against his earlier promises to cut the rate of corporation tax.

The six-week long debate over the exact nature of the coalition government’s commitment to a hike in capital gains tax is finally over.

As had been expected, the Chancellor has chosen to raise the basic rate of VAT, from 17.5 per cent to 20 per cent.

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