Budget

Budget makes £3 billion cut to pensioner tax breaks

The personal tax allowance for pensioners is to be frozen, and scrapped completely for those aged 65 years and over on or after 6 April 2013, in a Budget where the 50p tax rate and increase in personal tax threshold took centre stage.

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Budget 2012: Potential tax reforms could aid SMEs

Small businesses may benefit from a simplified tax system in which full accounts may not have to be presented to HMRC, under plans announced by Chancellor George Osborne in the Budget.

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Budget 2012: Business reaction

Business groups and commentators have given initial responses to the Budget announced this afternoon, which Chancellor George Osborne said would 'unashamedly back business', encourage investment and create more jobs.

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Budget 2012: Announcements for businesses

Budget 2012 was designed to prove that the UK 'unashamedly backs businesses' according to Chancellor George Osborne.

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Budget 2012: 50p tax rate cut while income tax threshold is raised

Chancellor George Osborne announced that the 50p top rate of tax will be reduced to 45p in April, and a further £1,100 increase in the personal allowance by 2013, in the Budget made earlier this afternoon.

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Budget 2012: News round-up

The Chancellor has finished delivering the Budget, a Budget he labelled as creating a 'stable economy, a fairer, more efficient and simpler tax system, and further reforms to support growth'.

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Budget 2012: Chancellor begins against record borrowing figures

Chancellor George Osborne stands to deliver today's Budget after a blow this morning from official figures indicating that public sector borrowing hit a record £15.183 billion pounds last month - close to double of the £8.875 billion in February and what economists had forecast.

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Business groups offer last minute Budget proposals

Business groups have urged the Chancellor to take 'radical action' and deliver measures which support small businesses, drive job creation, and encourage UK economic growth, in the Budget that will be announced tomorrow.

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Pressure on Chancellor for a 'Budget for business'

Chancellor George Osborne must take a business minded approach to next week's Budget to encourage company growth, investment and create new jobs, the British Chambers of Commerce (BCC) has said.

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Business leaders push for 'realistic' Budget targets

Chancellor George Osborne should make 'a radical shift in policy' in the forthcoming Budget in order to boost the economy in the long term, according to the Institute of Directors (IoD).

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