Pensions, savings and investments

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.

Large numbers of UK businesses are worried about a possible hike in capital gains tax in the emergency Budget, particularly if the government fails to define an accurate distinction between business and non-business assets.

No government department budgets should be firewalled against spending cuts, the British Chambers of Commerce (BCC) has argued.

The emergency Budget will be delivered at 12.30pm on Tuesday 22 June.

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

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