SOME of the early reaction yesterday was that this was a slightly boring, forgettable Budget. Nonsense. It was far-ranging: radical in parts, brilliant at times, occasionally awful, way too political and often quite surprising.
THE man in charge of the fraud investigation into the financial affairs of the Tchenguiz brothers and their connection to the collapsed Kaupthing Bank has resigned on a day which also saw dozens of documents being returned to the brothers’ lawyer
MULTINATIONALS that have fled Britain’s punitive business tax regime gave a cautious welcome to yesterday’s Budget, with UBM and WPP both saying that the country is going in the right direction of travel.
GEORGE Osborne slapped a minimum price on carbon emissions permits in yesterday’s Budget, which is set to hammer energy producers which rely on fossil fuels and add up to £17 a year to home energy bills by 2016.
AN increase in personal income tax allowances could save basic rate earners £326 per year compared to what they are paying in tax today, but the benefits will be undermined by planned changes to how increases in tax thresholds are calculated.
ROBERT BELL | OCEANIC & INDUSTRIAL
“What does fairness have to do with the government’s treatment of the banks? We live in a democratic dictatorship society. People will always look for loopholes for ways to benefit themselves.”
ENTREPRENEURS were among the biggest winners from the Budget, with a raft of measures aimed at encouraging people to invest in their own businesses.
The changes, most of which will come into play on 6 April, will include:
Industrial new orders in the Eurozone were up by 0.1 per cent in January, month by month. Excluding volatile items, new orders were up 1.6 per cent. Compared with January 2010, industrial new orders grew by 20.9 per cent in euro area.