Government Announcements

The Conservative-Liberal Democrat government’s emergency Budget, set for 22 June, is likely to herald several tax changes.

The Office for Budget Responsibility (OBR), set up by the coalition government to provide independent economic forecasts, has predicted that rate at which the UK economy is likely to expand will be lower than previously estimated.

The government is to subject the current health and safety legislative system to a review.

Plans by the government to reduce the higher rate of corporation tax may well be phased in over a period of years.

In his first major speech as Business Secretary, Vince Cable committed the government to taking a tougher line on parts of the banking system that have “not served enterprise in this country as well as they could”.

Syndicate content