Budget 2016: Here are the reactions to Osborne’s announcements on sugar tax, corporation tax, Insurance Premium Tax, Isas, education and growth prospects March 16, 2016 George Osborne has just announced some Budget surprises – a sugar tax, longer school days – as well as an increase in sin taxes on tobacco, alterations to ISAs and savings, and corporation taxes. Here's what analysts are already saying about the chancellor's latest agenda on… Personal allowance David Kilshaw, private clients services partner, EY [...]
Budget 2016: Commercial stamp duty cut for small firms while large-scale buyers get hit March 16, 2016 Commercial stamp duty has been cut by the chancellor George Osborne in the 2016 Budget, while the government is set to go ahead with plans to increase a duty on buy to let properties and second homes. The stamp duty on commercial property will have a zero rate band on purchases up to £150,000; a two per cent rate on [...]
Budget 2016: Government confirms plans to consult on privatisation of Land Registry, with Advent International and others interested March 16, 2016 George Osborne today confirmed plans to privatise the Land Registry. The proposed sale was announced by the chancellor in his Budget, delivered this afternoon. City A.M. understands buyout firm Advent International and others are considering bids for the agency, which has previously been valued at £1.2bn. Read more: Firms consider bidding for £1.2bn-valued Land Registry The Budget [...]
Budget 2016: George Osborne’s speech in full March 16, 2016 George Osborne has just revealed the Budget for 2016. There was good news for businesses with corporation tax being sliced and business rates being reformed – but bad news for smokers and students who hate maths. Mr Deputy Speaker, Today I report on an economy set to grow faster than any other major advanced economy in [...]
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: Chancellor to introduce surprise sugar tax on soft drinks in two years’ time March 16, 2016 George Osborne has announced the government will introduce a surprise new levy on the sugar drinks industry that will come into effect in two years' time. A sugar tax was widely considered to not be making an appearance in the Budget, with other strategies thought to take precedence in the government's fight against childhood obesity. Citing [...]
Budget 2016: Compulsory maths for all students under the age of 18? George Osborne is considering it March 16, 2016 Bad news kids. George Osborne is looking into plans to make maths compulsory for all students up to the age of 18. The chancellor revealed the plans during the Budget today, saying it was part of his moves to help the future. Great for companies looking for willing graduates to fill STEM jobs, but there might be [...]
Budget 2016: Chancellor George Osborne announces cash for infrastructure as government “makes northern powerhouse a reailty” and commits to Crossrail 2 and HS3 March 16, 2016 The chancellor has committed cash to develop infrastructure, after reports by the National Infrastructure Commission suggested he do so. During the Budget, Osborne gave the green light for HS3 between Manchester and Leeds, providing more money to create a four lane M62 and develop the case for a new tunnel road from Manchester to Sheffield. [...]