Emergency money lending – where to turn when you need cash
Apart from the obvious one for those still blessed with the option of the ‘Bank of Mum and Dad’, who do you turn to for a quick, short-term loan?
Capital Gains Tax – where are we now?
- Pre-Budget Report, 9th October 2007 – CGT flat rate of 18% for gains on non-business assets made on or after 6th April 2008.
- 6th April 2010 – income tax rate of 50% for those with incomes in excess of £150,000.
This all adds up to a differential of 32% for those individuals. Was this sustainable?
VAT – Budget rise in sales tax was ‘unavoidable’ says Chancellor
We all pay it and we’ll all feel it. The increase in the rate of VAT to 20% from 4th January next year will bring in £13 billion of extra revenue over the lifetime of the current parliament.
Rise in Capital Gain Tax UK could hit basic rate taxpayers
The rise in Capital Gains Tax will hit some middle income earners who have invested in assets such as property over many years, tax experts have warned.
Financial regulation in the UK
On 16th June 2010, George Osborne gave his first Mansion House speech as Chancellor of the Exchequer. In his speech, he announced radical changes in the UK’s financial regulations, which includes the abolition of the current tripartite system.