Emergency Budget 2010: Live coverage and reaction

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AccountingWEB.co.uk is providing live coverage of the Emergency Budget on 22 June. See below for instant reaction from our panel of experts and live tweets from social network Twitter plus, on the right hand side of the page, a live transcript of the chancellor's speech as he delivers it in the House of Commons. Feel free to add you own comments.

Live reaction from our panel of experts. They are:
Giles Mooney, managing director, PTP
Charlie Mullins, founder, Pimlico Plumbers
Paul Webb, tax partner, Robert James Partnership
Steve Pipe, founder and head of research, AVN


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22nd Jun 2010 15:13

Budget press release notes

I am looking at the NIC rates for 2011-12  as set out in the press notice 2. It shows the change to the employee's primary rate to 12% but the employer's secondary rate is showing at 13.8%. I thought that this increase would not happen to the class1 NIC secondary rate. Did I hear it wrong?

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25th Jun 2010 13:24

lies lies?

funny enuff they lied, the rates are going up as arranged by our Darling.



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25th Jun 2010 13:26

THIS is the Budget


VAT up to 20% 4/1/11

IPT up 1%/2½% 4/1/11

CGT 28% rate for higher rate tax-payers 22/6/10

Bank Levy 0.04% of balance sheet if you are over £20bn 1/1/11

Cider Duty increase cancelled “from 30.6.10”

Landline Duty abolished before it started

And there were some current year spending reductions announced a few days ago

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