Wednesday, 9 December 2009

Pre-budget 2009

The highlights for Alistair Darling's pre-budget report:

(1) One off 50 percent "supertax" targetting city bonus receivers above 25,000 pounds;

(2) An increased 0.5 percent on employee's National Insurance payment if they earn more than 20,000 pounds a year;

(3) Civil servant will only get a maximum 1 percent pay increase this year;

(4) VAT to return to 17.5 percent as of January 1, 2010;

(5) Delaying 1p rise to corporation tax for small businesses;

(6) Stamp duty holiday will end in January 2010;

(7) Canceling plans to increase inheritance tax threshold to  350,000 pounds per person; and

(8) Initiate a £300 boiler scrappage scheme

Well, what do you think?

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