Summary of budget measures
Tax
? Basic tax down by 1p to 22p in the pound from April 6.
? Capital gains tax from April 6 to be cut for business from 40% to 35% after one year, 30% after two years,...
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Raise half a glass of Krug to Cruickshank
Ploughing through competition in UK banking, a report to the chancellor of the exchequer, by Don Cruickshank, things begin to look up halfway down page 220.
A sub-claus...
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Report jeopardises RBS-NatWest deal
The Cruickshank banking review could throw a spanner in the works of the £21bn Royal Bank of Scotland-NatWest merger announced last month.
Don Cruickshank, head of...
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?40 a week to stay at school
A major expansion of state payments of up to £40 a week to encourage youngsters in Britain's run-down urban areas to stay on at school after the age of 16 will be an...
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Bank review 'explosive
The man heading the government's banking review is expected to unleash a harsh attack on the industry next week and recommend that some practices be referred to the compe...
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Take a risk: buy beer and fags
Put £10,000 into a building society and you will be lucky to get 5.5 per cent interest, after basic-rate tax is deducted. Put the same amount into the shares of hous...
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Cash and carry ends
Want a gift of thousands of pounds from the taxman? Then act now to use up pension tax reliefs before the axe comes down on them next year.
Tax reliefs on pensions are ...
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Low-cost plan may aid the rich
Stakeholder pensions are set to be wide open to manipulation by wealthy tax avoiders - the very antithesis of the group that the low cost pensions should appeal to.
Alt...
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Singer sells brokerages before bubble bursts
Independent merchant bank Singer & Friedlander plans to sell off its stockbroking outfits before the share bubble bursts.
The bank, which has been cited as a takeov...
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Pick of the piggy banks
One key personal finance lesson is to shop around for the best deals. And with interest rates of 6.95% gross paid twice yearly and a minimum deposit of £1, Nationwid...
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