Monday, March 28, 2011

Budget UK 2011

I strongly feel that the people should have anticipated a Principled Budget rather than a Popularity Stunt! Chancellor George Osborne has delivered a timely and principled budget (whether you like it or not!).

(1) 4p per litre fuel duty rise due in April postponed (2) Additional 1p cut from fuel duty (3) Fuel duty escalator scrapped (4) £2bn tax rise on oil firms to pay for fuel changes (5) Air Passenger Duty rise delayed by one year (6) Previous government's alcohol and tobacco duty rises will go ahead (7) Further £600 increase in personal tax allowance from April 2012 (8) Corporation tax cut by extra 1% (9) Financial help for 10,000 first-time buyers to get on property ladder (10) Forecast for how much UK economy will grow in 2011 downgraded (11) Plans to merge tax and National Insurance Read More@;

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