Personal tax

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”.

Pre-Budget Report 2009: an outline summary

One of the major announcements in Alistair Darling’s pre-Budget Report was the decision to raise employers’ and employees’ national insurance contributions.

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