Spain: the Brussels budget ‘suicide pact’
As Easter approaches in Andalusia, Faisal Islam visits the Eurozone’s biggest headache.
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As Easter approaches in Andalusia, Faisal Islam visits the Eurozone’s biggest headache.
The fact remains that the decision on the 50p rate was made on the basis of one year’s highly distorted data. In some ways it was set up to fail. Many economists will argue that it was always going to.
“It’s such a huge shortfall that both sides have only just stopped short of accusing each other of cooking the books.”
• Top rate of tax cut to 45p from April next year • Child benefit cut-off point rises to £50K • Are personal allowances changes a ‘granny tax’? Read Gary Gibbon’s blog: 50p tax – hero to zero? 13.47: Ed Miliband compares the government to Downton Abbey, a story of the “out of touch rich”.…
George Osborne infuriates environmental campaigners after he announces £3bn in tax breaks for new drilling in the North Sea. Science Editor Tom Clarke reports.
In the weeks before the budget, the debate focused on one issue. If the government cut the 50p tax rate, as they had threatened, would the budget end up being dismissed as a giveaway for the rich?
Certain kinds of working families will lose almost £60 per week of child benefits and working tax credit from April.
Ahead of George Osborne’s budget statement, Business Correspondent Sarah Smith takes a look at what the hotly-debated cut in the 50p tax rate will actually mean for small businesses.
Channel 4 News Political Editor Gary Gibbon considers the negotiations that have gone into the expected announcement on the 50p tax rate.
As George Osborne announces changes to child benefit, Channel 4 News explains what it means for you.
Chancellor George Osborne cuts the 50p rate of tax to 45p from April 2013 and announces changes to his plans to withdraw child benefit from all 40p taxpayers.
Personal tax statements indicating how money will be spent and the scrapping of the 50p tax rate are expected as George Osborne promises Wednesday’s budget will be “for working people”.
Never before has there been so many Budget leaks, and discussion of what tomorrow’s Budget will hold. But is it a sign of a more open, democratic government?
The Chancellor says this week’s budget will help people on low and middle incomes, and promises an “aggressive” policy on the super-rich who dodge property taxes.
With the budget looming the coalition’s top politicians are still struggling to nail down what it will include, reports Gary Gibbon.