14,042 source-backed finance facts - each attributed to a named person and a number, linked to the original source. Page 93 of 141.
“An increase in the lifetime allowance for Entrepreneurs Relief from £2m to £5m was introduced with effect from 23 June 2010.”
“The first £3m of capital gains realised by Simon will be subject to CGT at 10% but the remaining £7m will be taxed at 28% rather than 18%.”
“As David's taxable income and chargeable gains are less than £37,400 he will be no worse off, because the 18% CGT rate remains unchanged for basic rate taxpayers.”
“But the measures - including a rise in VAT from 17.5% to 20%, a public sector pay freeze and cuts to family tax credits and housing benefits - have received mixed reactions from Lib Dem party supporters.”
“The Glasgow University court cannot ignore its staff and must agree to work together to resolve the situation without forcing job cuts. "The university is presently running at a surplus of over £6m a year”
“in real terms, Welsh ministers may have to manage cuts of around £2bn to their spending power over the next four years.”
“revealing that the scale of the national debt demands additional cuts which amount to an average real terms cut of 25% over the next four years”
“The assembly government currently spends around £6bn of its budget on health and social services”
“which suggests in the broadest terms that the remaining £9bn could be subjected to this level of cuts”
“which corresponds to a rough figure of over £500m per year over the same period”
“In real terms, it is thought this could mean an effective reduction of 15% in the assembly government's overall budget by 2014/15”
“Some of these cuts could perhaps be offset by the chancellor's decision to impose a two-year freeze in public sector pay - although the lowest paid civil servants earning below £21,000 will still get a flat pay increase of £250 per year”
“as VAT increases from 17.5% to 20% - with many critics already warning that this tax will hit lower income families disproportionately”
“the increase of £1,000 in the personal income tax allowance in April to £7,475”
“expected to raise around 50,000 of the poorest paid Welsh workers out of income tax, as well as being worth £170 a year to basic rate taxpayers”
“Average gross weekly earnings in Wales was just £506.40 in 2009”
“With a total of £11bn of cuts announced to the welfare and benefits budget as a whole”
“in real terms, Welsh ministers may have to manage cuts of around £2bn to their spending power over the next four years”
“an effective reduction of 15% in the assembly government's overall budget by 2014/15”
“the chancellor's decision to impose a two-year freeze in public sector pay - although the lowest paid civil servants earning below £21,000 will still get a flat pay increase of £250 per year”
“Mr Osborne said there would be no further cuts in capital spending programmes”
“as VAT increases from 17.5% to 20%”
“expected to raise around 50,000 of the poorest paid Welsh workers out of income tax”
“as well as being worth £170 a year to basic rate taxpayers”
“So I will now have to go through all our food and pass on the rise of 2.5% to the customer.”
“These changes are designed to save £11bn per year by the end of the parliamentary term.”
“That adds up to a quarter of the annual target of £40bn of spending cuts and tax rises by 2014-15.”
“The latest Consumer Prices Index (CPI) is at 3.4% while the Retail Prices Index (RPI), which is currently used to set benefits, is at 5.1%.”
“More than half the savings - £5.8bn of the £11bn in 2014-5, for example - will come from the switch between inflation indexes.”
“The TUC claimed that child benefit would be £2 a week lower if it had been linked to CPI rather than RPI since 2000.”
“Its research suggested that child benefit for the first child would now be £18.05 rather than the current £20.30.”
“Carer's allowance would have been £48.64 rather than the current £53.90, it claimed.”
“A number of reforms will be introduced, including a maximum limit of £400 a week for a house with four or more bedrooms.”
“A range of changes will include reducing payments to families earning over £40,000 next year.”
“Child benefit will also be frozen for three years, although an increase in child tax credits will go some way to offset this.”
“Although they both measure changes in living costs, the latest Consumer Prices Index (CPI) is at 3.4% while the Retail Prices Index (RPI), which is currently used to set benefits, is at 5.1%.”
“must slash budgets by 25%.”
“half the population relies on around 12,000, public sector jobs.”
“Around 6,000 people also work at the Department of Work and Pensions and HM Revenue and Customs in Longbenton, North Tyneside.”
“Wansbeck in Northumberland has the second highest percentage of public sector workers with 47.8%.”
“Durham third with 46%.”
“In Tuesday's budget it was revealed government departments must slash budgets by 25%.”
“The increase in personal tax allowances by £1,000 this year, with the hope of further rises to come, is very welcome.”
“The new capital gains tax (CGT) rate is 28%: good news for those worried about a bigger hike.”
“Wisely, the tax free limit has been held at £10,100.”
“The last government announced a 1% increase in employee and employer contributions.”
“More surprising was the reduction in the rate for small companies to 20%, the same as the basic rate of tax: this is a pleasant surprise in a revenue-raising Budget.”
“as their total expenditure on assets is likely to be less than the annual ceiling of £25,000 a year.”
“The commitment to increase pensions by the higher of the earnings, inflation or 2.5% provides some limited protection for pensioners, who will suffer from the increase in VAT.”
“The difference between the 50% top rate of income tax and the new CGT rate is 22%.”
“But the business community has reacted unfavourably to news of a VAT rise from 17.5% to 20% from 4 January 2010.”
“cut the rate of corporation tax for small companies to 20%.”
“Housing benefit payments are to be limited to £280 a week for a flat and £400 a week for a house.”
“He said the new caps were needed because the cost of the payments had risen 50% to £21bn in 10 years.”
“He said some families were receiving £104,000 a year in housing benefit and that certain awards would be reduced.”
“One area is to see payouts increased - the discretionary housing payments' budget for hardship cases will be increased by £40m.”
“Chancellor George Osborne said that as country we now spent more on housing benefit than on the police and universities combined and that this package would cut the cost of housing benefit by £1.8bn a year.”
“We are really concerned that, even at current levels, nearly half of Local Housing Allowance claimants are already making up a shortfall of almost £100 a month to meet their rent.”
“Tax credits will be reduced for families earning over £40,000 next year.”
“Iran has doubled the denomination of its highest banknote to 100,000 rials ($10, £6.50), its Central Bank Governor Mahmoud Bahmani has announced.”
“At least 150 million notes are being printed and distributed over the next three months, he told Mehr news agency.”
“The move has been prompted by high inflation, although official figures say the rate has fallen to 10% from a peak of 29% in 2008.”
“The special travellers' cheques, which local banks issue, can each be worth up to 2m rials.”
“The main rate of corporation tax will be cut from 28% to 24% over the next four years”
“Corporation tax will be cut from 28% to 27% next year, and by 1% annually for the following three years.”
“The rate for small companies will also be cut from 21% to 20%.”
“including the rise in the main rate of VAT to 20%”
“The rise in VAT is due to start from 4 January 2011.”
“He also revealed plans to reduce the Annual Investment Allowance from £100,000 to £25,000 from April 2012.”
“This would still allow more than 95% of businesses to have all their annual investment covered by the allowance, the government believes.”
“The threshold at which employers start to pay National Insurance will rise by £21 a week above indexation from April, the chancellor said.”
“The chancellor also announced that the capital gains tax 'entrepreneurs' relief' rate of 10% on the first £2m of gains will be extended to the first £5m.”
“For new businesses setting up outside London, the south-east and the east of England over the next three years, employers will be exempt from up to £5,000 in National Insurance payments for each of the first 10 employees hired.”
“Mr Osborne also said that the government would reverse Labour's plan to increase the duty on cider by 10% above inflation.”
“The main rate of corporation tax will be cut from 28% to 24% over the next four years, the Chancellor, George Osborne, has announced.”
“This scheme is intended to start by September.”
“In addition, a Regional Growth Fund will be set up to provide finance for regional capital projects over the next two years.”
“The organisation's annual review also revealed that it made a surplus of more than £100m last year.”
“Scottish Water said that on average each householder paid £324 for water and waste water services - £15 less than the typical bill in England.”
“The organisation said the surplus of £107m was nearly £20m lower than in the previous year - mainly because of a planned increase in depreciation charges associated with major investment projects.”
“Far more has been spent on improvements to the quality of drinking water over the past four years than specified by ministers.”
“the annual audit of some £20bn of annual public expenditure.”
“cut the structural budget deficit to zero in the next six years.”
“expected the UK's total debt levels to have started falling by 2016.”
“the Office for Budget Responsibility (OBR) was forecasting that the government would meet these targets a year early, by 2015.”
“Total borrowing is expected to fall to 2.1% of GDP by 2015, the OBR said, and reach 1.1% by 2016.”
“Current borrowing stands at £155bn - 11% of GDP.”
“The UK's total debt, which currently stands at more than 62% of GDP, is forecast to peak at 70% of GDP in 2013-14, before falling to 67% by 2015-16.”
“It is now forecasting that the UK economy will grow by 1.2% this year and 2.3% in 2011, lower than the previous government's forecasts.”
“Unemployment is forecast to rise to a peak rate of 8.1% this year.”
“inflation is also expected to peak at 2.7% by the end of the year before falling back towards the 2% target.”
“Mr Osborne said the government planned to cut the structural budget deficit to zero in the next six years.”
“But he added that the Office for Budget Responsibility (OBR) was forecasting that the government would meet these targets a year early, by 2015.”
“Unemployment is forecast to rise to a peak rate of 8.1% this year, while inflation is also expected to peak at 2.7% by the end of the year before falling back towards the 2% target.”
“Fitch Ratings, one of the three major rating agencies, also welcomed the Budget, saying it a "represented a material strengthening of the commitment to fiscal consolidation and the long-run sustainability of UK public finances".”
“"In particular, the OBR appears to have assumed that consumers will react to having lower incomes by simply saving less, rather than making any significant adjustments to their spending, an assumption which looks highly questionable."”
“Rate will rise from 17.5% to 20% from January 4, 2011.”
“To be increased by £1,000 in April to £7,475 - worth £170 a year to basic rate taxpayers. It is expected that 880,000 of the lowest-paid will be taken out of income tax altogether.”
“Could be frozen for one year from April 2011 in England, but extra funds will only be offered to councils which keep their own costs down. Worth about £35 per household.”
“To rise from 18% to 28% from midnight for higher rate taxpayers. The "entrepreneurs relief" rate of 10% on the first £2m of gains will be extended to the first £5m.”
