Pre-Budget: Live Report

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Live Report as the Chancellor of the Exchequer, Gordon Brown, delivers his eighth annual Budget statement.

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# UK has been tested by both domestic and global pressures.

# On course to meeting inflation target of 2%.

# House prices moderated to 3%.

# Inflation lower than the US and the EU and on course to meet inflation target this year, next year and the year after.

# 34th continued quarter of growth. Growth this year would be 1.75%. Forecast growth would be 2-2.5% in 2006 and 2.75-3.25% in 2007 and 2008.

# 5th successive year of growth - higher than European Union. Business investment will increase by 3%.

# Exports to increase by 5% this year a...

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05th Dec 2005 16:41

0% CT band gone!
Blaming us as usual, we are to revert to a straight 19% CT rate on profits to £300k per PN1 on the HMRC website - no hint of Gordon saying he got it wrong though.

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By Anonymous
05th Dec 2005 16:56

Tax Credits - £25,000 annual change in income!!!
If this isn't an admission that the current system isn't working, then what is?

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06th Dec 2005 08:56

no residential property tax relief for SSIP's
what will the Daily Mail write about now ?

no 0% corp tax rate and NCD's - presumably from 1 april 2006 ??

if GB didnt want us to use his tax advantages why bring them in in the first place ? your votes ?

definitely case of one hand gives and the other takes away....

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