Government Announcements

Several aspects of the pensions system are to come under review as a result of announcements made in the Budget.

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.

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