Government Announcements

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.

The Chancellor has concluded his emergency Budget speech. We are now in the process of updating our Budget Report and putting together a series of news articles. However, the headline news from the Chancellor’s statement is:

The Chancellor, George Osborne has risen to his feet in the House of Commons at 12.30 pm and has embarked on what is regarded as one of the most important and far-reaching Budget speeches in a generation.

The Government has confirmed that the recommended rises in the national minimum wage made by the Low Pay Commission will come into effect in October.

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