Peering inside Brown's Budget briefcase

Article Abstract:

The Labour Party's election manifesto pledge for a 10% starting rate of income tax may not be put into effect from April 1999, but Chancellor of the Exchequer Gordon Brown may make a commitment to do so next year. Capital gains tax (CGT) is unlikely to see any major changes in the Budget and any reforms expected to concentrate on tightening of loopholes. Changes in inheritance tax could focus on potentially exempt transfers (Pets) and business and agricultural property reliefs.

United Kingdom, Planning, Taxation, Budget, Budgeting, Budgets

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Warning bells

Article Abstract:

The performance of US hi-tech shares is giving cause for concern following accusations over the finances of Packard Bell. Industry sources identify the company as a customer whose debt has been converted into a loan by Intel. Packard Bell has not confirmed the rumors, but Intel's shares have also been affected. Packard Bell argues that the rumor has arisen due to envy of the company's rapid growth. The company ranks second in the global PC market.

Electronic computers, Electronic Computer Manufacturing, Computers & Auxiliary Equip, Computer industry, Finance, Packard Bell NEC Inc.

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