Thursday, February 22, 2007
UK Budget Date Announced
This year's Budget is to be held on Wednesday, March 21st. It is expected that this will be Chancellor Gordon Brown's last Budget. Critics says he has been lucky that his growth forecasts have been so accurate. One of the key issues that is worrying voters at the moment is the matter of Inheritance Tax which kicks in at £265,000. That means most home owners - particularly in the South East - will have to pay 40% tax on the remainder of their assets when they die. Property prices have risen hugely since the Labour Government won the General Election in 1997.
Read the full story at: http://news.sky.com/skynews/article/0,,30400-1252771,00.html
Favourable economic growth in the UK has enabled Gordon Brown's growth projections to be realised. The higher income, and increased taxation, has boosted tax revenue as a whole, making the government deficit and government borrowing figures look less damaging than critics expected. However, concerns about government borrowing remain, and fears of further tax rises have not subsided. Moreover, concerns are mounting over increasing numbers of people on middle incomes being drawn above higher rate income tax and inheritance tax thresholds.
The much acclaimed new interactive learning package LiveEcon can help you understand the economics behind these important policy events. The processes at work behing economic growth are explored in Chapter 8 at principles level and Chapter 17 at intermediate level. Find out how to get LiveEcon at http://www.liveecon.com/. Download this blog as aBlogcast via the website.
This year's Budget is to be held on Wednesday, March 21st. It is expected that this will be Chancellor Gordon Brown's last Budget. Critics says he has been lucky that his growth forecasts have been so accurate. One of the key issues that is worrying voters at the moment is the matter of Inheritance Tax which kicks in at £265,000. That means most home owners - particularly in the South East - will have to pay 40% tax on the remainder of their assets when they die. Property prices have risen hugely since the Labour Government won the General Election in 1997.
Read the full story at: http://news.sky.com/skynews/article/0,,30400-1252771,00.html
Favourable economic growth in the UK has enabled Gordon Brown's growth projections to be realised. The higher income, and increased taxation, has boosted tax revenue as a whole, making the government deficit and government borrowing figures look less damaging than critics expected. However, concerns about government borrowing remain, and fears of further tax rises have not subsided. Moreover, concerns are mounting over increasing numbers of people on middle incomes being drawn above higher rate income tax and inheritance tax thresholds.
The much acclaimed new interactive learning package LiveEcon can help you understand the economics behind these important policy events. The processes at work behing economic growth are explored in Chapter 8 at principles level and Chapter 17 at intermediate level. Find out how to get LiveEcon at http://www.liveecon.com/. Download this blog as aBlogcast via the website.
# posted by Sam @ 10:23 
