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pre-Budget report 2008

The pre-Budget report takes on a special significance this year, as financial turmoil threatens the economy and recession looms large. Government intervention will be welcome, but will it be any more than a spit in the ocean?








What difference will the VAT cut make?
Rebecca Atkinson

VAT has been slashed to 15% from 1 December - but what difference will this actually make to your finances?


Small business boost
Rhian Nicholson

Chancellor Alistair Darling has attempted to smooth over the damage the credit crisis has wreaked on smaller businesses


VAT cut unites economists with one opinion
Steve McDowell

For once the nation's economists seem united by a single opinion over the Government's immediate move to slash VAT from 17.5% to 15%.


Brown's borrowing balloons to pay for tax cuts
Steve McDowell

Government borrowing will more than triple in a year in order to pay for tax cuts designed to stimulate the economy and prevent a spiral into depression.


High earners hit with 45% income tax
Liam Tarry

The UK's highest earners are perhaps the biggest losers from the pre-Budget report, with those on £150,000 or more set to see income tax increase to 45%.


Fuel duty to be phased in
Chris Thomas

The Chancellor Alistair Darling has unveiled what he says are "powerful incentives" for drivers to turn to more environmentally-friendly vehicles.


Pension lifetime allowance frozen
Ruth Emery

The pension lifetime allowance has been frozen at £1.8 million for five years, the Chancellor has announced.


Darling promises action on mortgage lending
Rachel Lacey

The Chancellor Alistair Darling says the Government is doing everything it can to increase the supply of mortgages following last month's recapitalisation of the major banks


Mortgages and housing: all talk, no action?
Rachel Lacey

Despite repeated calls for action to help the housing market, Alistair Darling did little more than announce the launch of a new lending panel in his pre-Budget report.


Boost for pensioners
Ruth Emery

Pensioners are set to receive a financial boost as early as January 2009 after chancellor Alistair Darling pledged to pump up benefits and the state pension, writes Ruth Emery.


Darling pledges to beat unemployment
Nathalie Bonney

The Government is giving an extra £1.3 billion towards redundancy training and expanding Jobcentre Plus' services, to combat rising unemployment figures.


Child Tax Credit to rise by £75
Johanna Gornitzki

The child element of Child Tax Credit will increase by £75 above indexation from April next year after the Government decided to bring forward the proposed increase for 2010.


VAT bible: What is and what's not
Steve McDowell

The Chancellor's decision to cut VAT may seem like a big call, but what exactly does it mean for you?


2008 pre-Budget report round-up
Rhian Nicholson

There were few surprises in the Chancellor's speech, as his pre-Budget speech sought the answers to the ease pressure on the country's finances.


Darling promises more help on energy bills
Liam Tarry

Alistair Darling has pledged an extra £100m to help people insulate their homes, as part of a range of new measures designed to help people struggling to meet the cost of rising energy bills.


High earners better off in UK than in US
Rhian Nicholson

High earners on six-figure salaries in the UK would still pay less tax than their counterparts in Germany and the US if the top rate of personal income tax was raised to 45%.



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