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By bailhachelinton, Nov 22 2017 02:16PM

Brexit

£3bn set aside for Brexit preparations.


Growth

Revised down to 1.5% in 2017 from 2%.

Forecasts are 1.4% in 2018, 1.3% 2019, 1.3% 2020, 1.5% 2021 and 1.6% 2022.

In March, the forecasts were 1.6% in 2018, 1.7% 2019, 1.9% 2020 and 2% 2021.


Borrowing

£49.9bn this year, down from previous estimate of £58bn.

Down from £39.5bn next year to £25.6bn in 2022-23.


Research and development

£2.3bn of investment.

Increased Tax credit for Large Companies to 12%

Investigate charges on plastic waste.


Technology

£20bn of new investment in UK knowledge-intensive industries.

£2.5bn from the business bank.

Encourage pension fund investment.

Boost to EIS.

Replace funding from Europe.

Electric cars

£400m charging infrastructure.

Those charging electric vehicles at work will not face taxes.

By bailhachelinton, Nov 2 2017 01:06PM


As well as many of the country's 45 million savers, anyone considering buying an annuity for their pension will also see better deals. The main losers will be households with a variable rate mortgage.

Of the 8.1 million households with a mortgage, 3.7 million, or 46%, are on either a standard variable rate or a tracker rate.

By bailhachelinton, Oct 9 2017 11:24AM

It will still be possible to deposit the old coins at most high street banks and the Post Office after that date.

About 1.2 billion coins have so far been returned, but an estimated 500 million are still in circulation.

By bailhachelinton, Sep 28 2017 10:24AM

The Bank of England's chief economist Andy Haldane said an interest rate rise would be a sign the UK economy was "healing" and should not be something to fear.


Interest rates are currently at a record low of 0.25pc in the UK, having been cut last August after the Brexit vote as part of the emergency stimulus deployed by the Bank.


However, while there have been hints the Monetary Policy Committee were thinking of reversing the emergency measures, each meeting they have voted to keep rates on hold amid concern over inflation outpacing wage growth.

By bailhachelinton, Sep 25 2017 11:18AM


An HMRC spokesperson confirmed to AccountingWEB that businesses need only satisfy either of the minimum criteria, so your clients may qualify on the basis of employee numbers alone. The tax authority also clarified that the employee measurement is based solely on headcount, meaning that part-time workers count towards satisfying the requirement.