Government Announcements

Spotlight - Government Announcements

Emergency Budget 2010: employers offered national insurance boost

It has been a matter of policy for the government to reverse plans of the previous administration to push up national insurance contributions by 1 per cent as from next April.

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Emergency Budget 2010: millions get income tax break

The Chancellor has acted on long-term coalition government plans to increase the personal income tax allowance to £10,000.

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Emergency Budget 2010: CGT increases but not for all

The six-week long debate over the exact nature of the coalition government’s commitment to a hike in capital gains tax is finally over.

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Emergency Budget 2010: VAT to rise

As had been expected, the Chancellor has chosen to raise the basic rate of VAT, from 17.5 per cent to 20 per cent.

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Emergency Budget 2010: Speech headlines

The Chancellor has concluded his emergency Budget speech. We are now in the process of updating our Budget Report and putting together a series of news articles. However, the headline news from the Chancellor’s statement is:

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Emergency Budget 2010: Speech begins

The Chancellor, George Osborne has risen to his feet in the House of Commons at 12.30 pm and has embarked on what is regarded as one of the most important and far-reaching Budget speeches in a generation.

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Government confirms minimum wage increase

The Government has confirmed that the recommended rises in the national minimum wage made by the Low Pay Commission will come into effect in October.

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Chancellor to offer one-year employer NIC holiday

The emergency Budget is to give new businesses a one-year break from paying employers’ national insurance contributions on the first ten staff they employ.

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