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Nick

Today's budget.

On now, live, online. And here's a blow by blow summary.

http://news.bbc.co.uk/2/hi/uk_news/politics/8011882.stm

Currently outlining incentives to drill for more oil in the North Sea...

...and £1bn to help combat climate change.
Penny

Are you listening to David Cameron? I have no time for the Eton educated tory git bag, but he's being quite funny Laughing
Cathryn

Yeek, I hope the Chrysler is less than 10 years old (he's just signed a cheque for a year old new car this morning Shocked ).


It is, I'm sure it is... Smile

(They drop by that much the second they leave the showroom don't they?)
Nick

Penny wrote:
Are you listening to David Cameron? I have no time for the Eton educated tory git bag, but he's being quite funny Laughing

Help for loss-making companies extended - they will be able to reclaim more taxes paid in the last three years until November 2010

Any use, Penny/other businessesesssess?
jema

Quote:

Businesses' main capital allowance rate doubled to 40% to encourage firms to bring forward investment


Is that wot i fink it is? Buy now and pay the same amount of tax in the end, but less of it next year?
Penny

Nick wrote:
Penny wrote:
Are you listening to David Cameron? I have no time for the Eton educated tory git bag, but he's being quite funny Laughing

Help for loss-making companies extended - they will be able to reclaim more taxes paid in the last three years until November 2010

Any use, Penny/other businessesesssess?


That bit will help us, as we're likely to make a loss this year and will be able to carry it back to cover the last two years' corporation tax.
yummersetter

here's the info http://www.hmrc.gov.uk/budget2009/bn13.pdf
lily

Projected public sector borrowing next year would be £173 billion divided by the population of the uk is an eye watering figure. Shocked
Treacodactyl

It's going to be £175bn this year, then £173bn, £140bn, £118bn and £97bn in the following years. So we're talking way over a trillion pound, £1,000bn, deficit in a year or two and rising. Shocked
Cathryn

Remember I asked about economics a few days ago? Well in that time I have learnt a little about it, from you and others, darn, I wish I hadn't done.
       Downsizer Forum Index -> Finance and Property
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