Budget 2012: Business highlights

Budget 2012 was designed to prove that the UK ‘unashamedly backs businesses’ according to Chancellor George Osborne. Some of the measures announced include: The main rate of corporation tax reduced to 24 per cent from April 2012 – One per cent lower than announced in last year’s Budget. Plans to move to a simpler ‘cash[…]

Budget 2012 – time for a review?

Chancellor George Osborne will take to the stand on 21st March to deliver the Budget 2012. He faces a difficult task, as the next general election is not far away, and there is very little room for fiscal manoeuvre. There is no denying we are living in tough economic times, and while there is only[…]

The 2012 Finance Bill Draft Clauses

As promised, the Government has published the draft clauses if t5he Finance Bill 2012 three months prior to the Budget on 21 March 2012. The clauses are intended for consultation until 10 February 2012. Many of these provisions had been pre-announced in the 2011 Budget, but there were still a few surprises. Seed investment A[…]

More Austerity, Limited Growth

I listened to the Chancellor deliver his Autumn statement, hoping to find some positive news which I could pass on to you. It was in short supply but amid the gloom there were some nuggets that have been overlooked by many commentators. For a start, while the Office of Budget Responsibility (OBR) told us economic[…]

Autumn Statement Predictions

29 November will see Chancellor George Osborne take to the stand to deliver the eagerly anticipated Autumn Statement. The UK economy is in desperate need of a growth spurt, despite the recent £75 billion Quantitative Easing boost, and business groups are already campaigning for the announcements they want to see. Here are some of the[…]

MP Jake joins Jack Ross Budget Breakfast Q&A

One of the Coalition Government’s rising stars — Rossendale and Darwen MP Jake Berry — joined us for our post-Budget Question Time today. In-depth analysis of the chancellor’s budget came from our senior partner Peter Black and Jake spoke about the direction of the economy following George Osborne’s speech this week. The breakfast briefing offered[…]

The Finance Bill 2011

The coalition government has taken the new and welcome step of publishing draft clauses for next year’s Finance Act. Although details of proposed changes have already been announced, the detailed provisions often show possible problems in implementing them, as we saw this year with restriction on tax relief for pension contributions. In areas such as[…]

Budget 2009

The 2009 Budget Budget Summary Introduction Alistair Darling presented his second Budget speech in his usual calm, quiet tones, occasionally having to raise his voice over the opposition MPs’ cries of astonishment at the awful economic statistics that he was announcing. His predictions from last November, depressing though they were, turned out to be far[…]