What Ken can conjure up

Article Abstract:

The UK chancellor is likely to reduce taxes in the Nov 1996 Budget. This is mainly for political reasons since an election is near. The basic income tax rate may be reduced, the personal allowance may rise by more than inflation, and the 20% tax band may be widened. The threshold for inheritance tax is also likely to be increased and capital gains tax may be given a higher threshold. The ceiling for tax-free returns on savings could be increased. These are the most likely changes, and other changes are possible.

Public Finance Activities, Personal Income Taxes, Income tax, Personal income tax

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The smell of the greasepaint...

Article Abstract:

The UK Nov 1995 Budget will probably include some unexpected measures, but many changes can be predicted. A more generous approach to capital gains tax is likely, as is a reduction in inheritance tax. Help for mortgage holders is not likely on a large scale, but stamp duty on sales of homes could be reduced. Insurance premium tax may be increased. Measures which are not likely to be introduced in the Budget include reductions in tax relief for pension contributions. A reduction in income tax is certain.

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Three cheers for UK plc

Article Abstract:

Reactions to the UK Nov 1995 Budget have generally been favourable. Road builders might welcome an additional 500 million pounds sterling to be spent on road contracts but investment in new roads will be reduced by some 33%, and contractors will not be paid immediately under the private finance initiative (PFI). Reduced taxes on savings and incentives to save for long term care have been welcomed by financial services companies, while brewers welcome the freezing of beer duties.

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