Welcome to UK Financial Service Online -- Tax Advice
 
Featured Categries
-----------------
ADVERTISEMENT
 
UK Budget 2006 - Main Points

Gordon Brown began the 22nd March Budget by announcing that the last chancellor to deliver ten budgets in a row delivered his last speech in 1822.

Economy

Gordon Brown labelled Britain's economy as "resilient, robust and prudent". He said that inflation had stabilised at 2% and economic growth was also steady at 2.5% in line with forecasts. Productivity was growing at 2.3% and this is higher than at any time since the 1960s, according to Mr Brown.

The chancellor said he had met his "golden rule" on public borrowing and was on course for a £16bn surplus over the economic cycle ending in 2010-11.

An independent board would publish official statistics.

Net debt was now 36.4% of national income - and would rise to 38%.

Education and Training

Mr Brown said the most important investment in the future would be in education and announced an increase in investment in schools to £8bn a year from £5bn now.

Mr Brown said he wanted to raise the amount spent on each state school pupil to the level seen in private schools now to £8,000.

The chancellor said that further education would be free of charge for the first time up to the age of 25, with adult learning grants to help with the cost of living.

The government will launch a comprehensive programme for recruiting and retaining staff, including 3,000 extra science posts in pools and funding for after-school science clubs.

The government will spearhead a new summer school for entrepreneurs.

Mr Brown promised new help for working women, including doubling training for women with low skills and addressing pay discrimination be new summer schools for entrepreneurs.

The number of community support officers will more than double from 6,000 to 16,000 by April 2007.

Housing

In the last year 160,000 new homes have been built, said Mr Brown.

£970m would be set aside for shared equity schemes, allowing first-time buyers to get onto the property ladder.

The lower limit for stamp duty has been raised from £120,000 to £125,000.

Environment

Mr Brown said he was planning to index the climate change charge in line with inflation from 2007 to cut CO2 emissions further. To help developing countries, Mr Brown proposes a World Bank scheme to help these poorer countries to invest in new forms of energy.

A new £1bn energy and environmental research institute would be created, to be financed by government and private industry.

Vehicle Excise Duty would rise to £210 for the highest polluting cars, while vehicles with the lowest rate of emissions would pay no duty.

The usual annual inflation increase in fuel duty would be delayed until 1 September this year.

Tax

The inheritance tax threshold would be lifted from £275,000 to £325,000 over the next few years, starting with a rise to £285,000 in the 2006/7 tax year.

Personal tax allowance would rise from £4,895 to £5,035

Taxes for families would not be reduced any further however the child element of the child tax credit by 14% over the next few years.

The Child Trust Fund scheme would be extended by a ‘booster' amount when children reached 7 years of age. Childcare vouchers are to increase by £5 a week to £55.

The usual annual inflation rise of 1p in duty would apply to a pint of beer, but duty on cigarettes would rise 9p. Duty on wine will also rise by 4p but not be applied to Champagne nor British sparkling wine.

Sports

An additional £600m would be made available to fund world-class British athletes. Mr Brown announced plans to set up annual national competitions for schoolchildren in Olympic events.

A new national sports foundation will be founded, with £34m from the government and other funding from private companies.

A further £2m will be allocated to after-hours sports clubs for young people in a scheme run by police, premier league football clubs & community groups.

The chancellor also announced that there would be free off-peak national bus travel for pensioners in every part of the country.

Conservative Reaction

Conservative leader David Cameron branded Mr Brown as a "politician stuck in the past".

Mr Cameron called Gordon Brown the ‘roadblock' preventing Britain from embracing the future.

"This chancellor is mortgaging this country's future", Mr Cameron claimed, referring to the £175bn borrowing over the next six years.

Mr Cameron claimed that business investment in the UK was at a record low and the tax burden was at its highest level ever.

He concluded by referring to Mr Brown as an " analogue politician in a digital age. He is the past".

Sponsored Links
Comments: Nemo aims to unravel the complications of personal finance. If you're a homeowner with a mortgage you can borrow any amount from £10,000 to £75,000* and pay it back over 5 – 25 years.Nemo offers loans to consolidate debt and for home improvements. We also have a specific range for the self employed, allowing self certification up to £50,000. With a choice of loan amounts and repayment terms with rates from 6.7% APR variable to 12.4% APR variable, we'll do our best to find a loan to fit in with your circumstances and lifestyle. Our typical rate is 8.4% APR variable.
UK Financial Service Online Rating:
.
Comments: Nemo aims to unravel the complications of personal finance. If you're a homeowner with a mortgage you can borrow any amount from £10,000 to £75,000* and pay it back over 5 – 25 years.Nemo offers loans to consolidate debt and for home improvements. We also have a specific range for the self employed, allowing self certification up to £50,000. With a choice of loan amounts and repayment terms with rates from 6.7% APR variable to 12.4% APR variable, we’ll do our best to find a loan to fit in with your circumstances and lifestyle. Our typical rate is 8.4% APR variable.
UK Financial Service Online Rating:
First Plus
Comments: Freedomfinance typical loans range between £5,000 and £75,000 , although they can start at £1,000 and can go all the way up to £250,000 and beyond . Whatever your financial circumstances or history, Freedomfinance can help you get the money you need, when you need it - with terms tailored to ensure that your repayments suit your budget and with no extra or hidden costs. TYPICAL rate is 10.7% APR (VARIABLE) .
UK Financial Service Online Rating:
Comments: Chase Saunders advisors personally select the best home loan and interest rates for you. Our any purpose loans allow you the freedom to spend your loan amount as you wish.
A loan of £25,000 for 5 years has a typical APR of 7.9% (variable). Total repayment would be £30,177. The calculator on this site uses variable APR's from 7.9% for loans of £25,000 and above, to 10.9% for loans of £5,000 .
UK Financial Service Online Rating:
Comments: You can borrow from £5,000 to £100,000 for any reason, AND no matter what your circumstances, we will search the market to find the best loan for you, with a fast and friendly service. Get a decision in 1 minute and benefit from 0% on purchases for the first 6 months
and a low rate of 5.94% for the life of the balance on balance transfers. APR 12.9% (typical).
UK Financial Service Online Rating:
Comments:Secured Loan broker, sending leads to secured loan suppliers that are paying the best rates...
UK Financial Service Online Rating:
Comments:UK Loan Service is a secured loan broker with a strong focus on customer service, which means a 25% conversion rate on valid loan applications. All homeowners are welcome, no matter what credit history.
UK Financial Service Online Rating:
Comments: Arrange home owner secured loans even if you have poor credit rating, have arrears or a county court judgment (CCJ).
UK Financial Service Online Rating:
weitbild.com , looking to save money on your credit cards , loans , and mortgage ? weitbild.com can help you save money by searching and comparing over 90% of the market for UK financial products online to find the best personal finance deals for you. Comparing your current personal loans , credit cards and mortgages to help find the best deal will save you money. So when you have the best loan , best credit card and best mortgage , you may be saving thousands of pounds every year. You can also search Moneyextra to look for the best bank accounts , best savings accounts and ISAs . We can also help you review your home insurance , car insurance , travel insurance and life insurance with some of the most competitive UK insurers .
 
Advertising│Disclaimer│Privacy Policy│Email Us│Add URL│FAQ
@ WwW.WeitBild.CoM. 2005-2012 .All Rights Reserved