Capital spend avoids the axe June 22, 2010 THE CONSTRUCTION and transport sectors were relieved by yesterday’s news that the government will not hack into capital spending Chancellor George Osborne said careful choices would have to be made on what the government will spend on infrastructure. Delivering the emergency Budget, Osborne said: “Well judged capital spending by the government can help provide the [...]
Messi leads the way as Argies cruise June 22, 2010 GREECE(0) VS ARGENTINA(2) DIEGO MARADONA saw his Argentina side sail through Group B with a 100 per cent record as they finally broke down strong Greek resistance to end their World Cup hopes in Polokwane. The much-fancied Argentines took 77 minutes to break the deadlock when Bayern Munich defender Martin Demichelis fired home from close [...]
Middle class families to lose right to claim child tax credit June 22, 2010 MIDDLE CLASS families are set to take a hit from reduced child benefits and tax credits as the government bids to support the lower income bracket. In yesterday’s emergency Budget, chancellor George Osborne said the government will freeze child benefit and reduce eligibility for tax credits to families earning over £40,000. The baby element of [...]
Pressure group says women will bear brunt of Osborne’s Budget June 22, 2010 A LEADING women’s rights pressure group yesterday lashed out at chancellor George Osborne for a Budget it said would force the fairer sex to “bear the brunt” of fiscal tightening. The Fawcett Society said women would be disproportionately affected by the public sector pay freeze, since they make up 65 per cent of the civil [...]
Public sector pay freeze angers unions June 22, 2010 PUBLIC SECTOR workers are facing a two-year pay freeze, declared by chancellor George Osborne in the emergency Budget yesterday, igniting fury amongst the UK’s trade unions. The pay freeze applies to all public sector workers earning over £21,000, while the 1.7m with wages below that threshold will receive a flat pay increase of £250 in [...]
Morgan’s ton hands England the initiative June 22, 2010 EOIN MORGAN was the hero once again as his magnificent unbeaten century helped England ease into a 1-0 series lead against Australia at the Rose Bowl. The Irish-born one-day specialist smashed 16 fours for a third ODI century in just 85 balls as the hosts chased down Australia’s 267-7 with four wickets and four overs [...]
Holiday homes win tax break June 22, 2010 THE government has reinstated tax breaks for furnished holiday lettings, though the chancellor warned yesterday that it would consult on changing the allowances in 2011. The restored rules apply to around 120,000 landlords who run holiday homes. Osborne stressed the importance of tourism to the UK economy in his Budget speech. “There are many small [...]
CITY VIEWS: WHAT DO YOU THINK OF OSBORNE’S EMERGENCY BUDGET? June 22, 2010 CHRIS GRAY | MANPOWER “The less well off are hit harder with the VAT rise, but I suppose everyone is going to be hit this time. The cuts are a step in the right direction, but I reserve judgement until they get more specific in the autumn. I’m not surprised they have changed the threshold [...]
Murray’s hurry for a date with the Queen June 22, 2010 BRITISH No1 Andy Murray admitted he was looking forward to his date with the Queen tomorrow after cruising through his first round match at Wimbledon. The British No1 recovered from dropping his serve early on to ease past Czech Jan Hajek on a sweltering Court One. It earned him a second round clash with Jarkko [...]
Her Majesty shares in Budget pain as she agrees to regular spending checks June 22, 2010 The Queen has accepted a pay freeze next year, George Osborne announced in the Budget yesterday. The Civil List, which pays for the Queen to carry out her duties, will remain unchanged at £7.9m. The monarch has received the same annual sum for 20 years. The chancellor said Her Majesty has given her full agreement [...]
