Personal tax

The number of households that are using their money to pay down debts or to boost their savings is on the increase and could be having an adverse effect on the economic recovery.

A combination of low interest rates and rising inflation means that savers are likely to see even poorer returns on their money.

The Chancellor’s decision to increase national insurance contributions might see a squeeze on wages, a think tank has warned.

Contrary to the expectations of some commentators, the Chancellor chose not to make any changes to the rate of capital gains tax in the pre-Budget Report.

The Chancellor, Alistair Darling introduced a pre-election pre-Budget Report to the Commons that would, he said, “build a strong economy and a fair society”.

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