Budget 2016: Fuel duty frozen by chancellor George Osborne for the sixth year in a row to save the average driver £75 per year March 16, 2016 The chancellor has said that fuel duty will be frozen for the sixth year in a row, as part of the 2016 Budget. George Osborne claims the move will save the average driver £75 a year. Osborne said: "We had pencilled in an inflation rise, but fuel duty will be frozen for the sixth year in a row. It's the [...]
Budget 2016: George Osborne gives pub industry reason for cheer but smokers are out in the cold with minimum pricing on tobacco products March 16, 2016 George Osborne has confirmed the government will freeze duty on beer and cider, and whisky – but said a minimum price will be introduced for cigarettes. The chancellor was unequivocal about his support for the pub and spirits industries, saying: "Today I back our pubs again. I am freezing beer duty and cider duty too. "We [...]
Budget 2016: Ouch. George Osborne cuts capital gains tax – but landlords and buy-to-let investors lose out March 16, 2016 George Osborne has cut capital gains tax during his Budget speech in parliament – but landlords will lose out. The chancellor said the higher rate of the tax, which applies to capital gains on most assets, will fall to 20 per cent, from 28 per cent now, while the basic rate falling to 10 per cent, from [...]
Budget 2016: Osborne announces cut to business rates, removing 630,000 small businesses from paying any rates at all from next year March 16, 2016 The chancellor George Osborne has announced that 630,000 small business will pay no business rates at all from next year, as he cuts business rates across the board. Osborne claims the reduction will save £7bn per year for businesses. There will be a new threshold for small business rates, more than doubling entry level of tax on [...]
George Osborne cuts corporation tax – but OBR downgrades UK growth forecast as he warns “storm clouds are gathering” March 16, 2016 George Osborne has warned of "storm clouds gathering" in a wide-ranging Budget speech in which he cut growth expectations, but delivered a sop to the UK's firms by cutting corporation tax again. During his Budget speech in parliament today, he reduced corporation tax to 17 per cent, the second such cut in less than a year. "Britain is [...]
Budget 2016: George Osborne uses his speech to warn against Brexit and make case for UK remaining in the EU March 16, 2016 Chancellor George Osborne has used the Budget 2016 announcement to make the case for Britain remaining a part of the European Union when the country takes to the polls on 23 June. The chancellor announced the economy will grow two per cent this year, 2.2 per cent in 2017 and 2.1 per cent in each of three years [...]
Budget 2016 odds: EU referendum and taxes will be George Osborne’s hot buzzwords, but what about Donald Trump? March 16, 2016 George Osborne wouldn't pass up an opportunity to talk Brexit in his Budget. Referendum is a favourite for getting a mention in the chancellor's speech on Wednesday with a 90 per cent chance of popping up and he's predicted to slip in the word tax in 95 times – that's once every 36 seconds – in the predicted 57 [...]
Budget 2016: How do people describe chancellor George Osborne? March 16, 2016 Chancellor George Osborne is set to give his Budget today, and one that will no doubt be as contentious as ever. But while his Budget and economic plan will be hailed by some as keeping the country on the right track, and slammed by others as being deeply damaging, the man himself appears to be just [...]
US Presidential Election odds 2016: Donald Trump breaks 50 per cent support among Republican voters for first time in national poll as bookies shorten odds on him becoming president March 16, 2016 After winning in a number of key states overnight Donald Trump has become even more likely to claim the Republican nomination, with odds shortening on him entering the White House. In the wake of the overnight results, he's now 5/2 to be elected President, down from 3/1 yesterday, with Ladbrokes. His odds were also cut [...]
EU referendum: Labour’s Alan Johnson says leaving EU could lead to disintegration of UK and Scottish independence March 16, 2016 Scottish voters would be justified in pushing for independence if the UK voted to leave the EU, but Scotland voted to stay in the 28-member bloc, Alan Johnson has warned. Johnson said that the UK was running a "very, very high risk not just for Britain’s place in Europe but Britain’s continued unity”. "To be [...]