Budget 2007: Prosperity and fairness for families. By Lucie Benson
The chancellor's eleventh budget speech was posited as a "budget to expand prosperity and fairness for Britain's families"
But his speech was given a roasting by Opposition leader David Cameron who branded tax changes a "con trick" and reiterated claims that Britain was the worst place in the developing world to bring up a child. Conservatives claim that 3.5 million families will be worse off after the budget.
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Hard luck for charities
Charities will suffer from the reduction in standard rate from 22% to 20%. When you sign that Gift aid form, they will only get tax of 25% of your (net) payment back rather than about 28%.